Kalshi seeks fresh funding at $40B valuation, The Information reports

Prediction market platform Kalshi is seeking fresh funding at a $40 billion valuation, The Information reported on Aug. 12, citing sources familiar with the matter. That would mark an about 82% jump from the $22 billion valuation the company received in its Series F round in May. Kalshi’s annualized revenue topped $4 billion in July, driven by the World Cup boost, doubling from about $2 billion two months earlier.