Kalshi in Late-Stage Talks to Raise $1 Billion at $40 Billion Valuation
JH Kim
Summary
- Prediction-market platform Kalshi is in late-stage talks to raise $1 billion in new funding at a $40 billion valuation.
- Tiger Global and Dragoneer are discussing participation in the funding round.
- If the investment is completed, Kalshi’s valuation would rise from $22 billion to $40 billion, an increase of about 82%.
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Prediction-market platform Kalshi is in late-stage talks to raise $1 billion in new funding at a $40 billion valuation, Reuters reported on September 29.
Tiger Global and Dragoneer are among the firms discussing participation in the funding round, according to the report.
If completed, the investment would lift Kalshi's valuation to $40 billion from $22 billion in May.
That would represent an increase of about 82% in roughly four months.
JH Kim
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