Kalshi Seeks $750M Funding Round at $40B Valuation, Sources Say

Prediction-market platform Kalshi is in talks with Sequoia and Wellington to raise $750 million in a new funding round. The deal would value the company at approximately $40 billion, nearly double its previous valuation. Kalshi had last raised $1 billion at a $22 billion valuation in May 2025. The new round reflects continued investor appetite for prediction-market platforms amid their growing mainstream prominence.