Kalshi raises $1 billion at a $40 billion valuation
Prediction market Kalshi raised $1 billion in a new funding round that values it at $40 billion, up from $5 billion a year ago.
Prediction market platform Kalshi has raised $1 billion in a new funding round. Its investors value the company at $40 billion, according to The New York Times and CNBC.
CNBC reports the company was valued at $5 billion one year ago.
The New York Times says the new valuation is almost double that of rival Polymarket. It also reports that legal challenges to Kalshi's business continue.
The Times headline raises the question of whether an initial public offering is next. The reports do not say the company has announced any such plan.
Reported by
- The New York TimesIts Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?Thu, Oct 29, 7:45 AM EDT
- The New York TimesIts Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?Thu, Oct 29, 7:45 AM EDT
- CNBCKalshi valuation jumps to $40 billion in latest funding roundThu, Oct 29, 8:05 AM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.