Kalshi is seeking a new funding round at a $40 billion valuation
Summary
Kalshi is seeking a new funding round at an estimated $40 billion valuation, nearly double its last round. The company could close the deal as early as the third quarter. The new raise would widen Kalshi’s valuation lead over competitor Polymarket. The article also notes that Kalshi’s CEO has said the prediction market platform is preparing for an IPO after 2027.
Funding
Amount
$40.0B
Total raised
Date
June 24, 2026
Announcement date
Investors
Coatue Management, Sequoia Capital, Coindesk, Andreessen Horowitz
Lead investors
Company
kalshi.com
Funded company
Classifications
industries
Entertainment
applications
AI & Machine learning
AskAI Classifications
Labels
No AI classifications detected