Kalshi is seeking a valuation of approximately $40 billion, nearly double its recent $22 billion valuation following a $1 billion funding round. The company is also navigating a legal dispute over regulatory authority in the prediction market sector.
Kalshi is in discussions to raise new funds at a valuation of about $40 billion, as reported by the Financial Times. This follows a $1 billion raise last month, which brought its valuation to $22 billion. The company has experienced rapid growth, claiming an annualized trading volume of $178 billion by April 2026. However, it faces an escalating legal conflict regarding regulation between state and federal authorities.