Svmuu News: According to sources familiar with the matter, prediction market platform Kalshi is seeking to raise new funding at a valuation of approximately $40 billion—nearly double the $22 billion valuation targeted in its previous funding round.
The funding round could be completed as early as the third quarter of this year. If the deal goes through, Kalshi will widen its valuation lead over rival Polymarket, which was previously reported to be seeking funding at a $15 billion valuation.
Previously, Kalshi CEO Tarek Mansour told CNBC in an interview that the company is considering an eventual initial public offering (IPO), but it will not take place before 2027. (CoinDesk)