Kalshi Seeks Fresh Funding at $40 Billion Valuation

Kalshi, the global prediction-market platform, is seeking fresh funding at a $40 billion valuation, The Information reported.

The U.S. technology news outlet reported on Aug. 20 that Kalshi had recently begun fundraising with a target valuation of $40 billion.

Kalshi was valued at $22 billion in its Series F funding round in May. That would mark a nearly threefold jump in valuation in just three months.

The company’s annualized revenue exceeded $4 billion last month, the report said. Demand for sports-related prediction contracts has surged ahead of the 2026 North America World Cup.

Meanwhile, global prediction-market platform Polymarket is seeking $1 billion in fresh funding at a $20 billion valuation. Bloomberg reported earlier in August that Polymarket was holding early talks with potential investors.