Kalshi reportedly seeks new funding at $40 billion valuation

Kalshi is reportedly seeking fresh funding at a $40 billion valuation, according to the Financial Times. If completed, the new round would nearly double the company’s previous valuation and mark a significant step up for the regulated prediction market platform.

The development matters because it points to strong investor confidence in prediction markets as a growing segment of the broader crypto and fintech landscape. Higher valuations for companies operating in regulated markets can also signal increasing demand for products that let users trade on real-world outcomes under compliance frameworks.

Kalshi has positioned itself as a regulated venue for event-based contracts, making it part of a broader conversation around how prediction markets can fit within existing financial rules. A larger raise at a higher valuation may also strengthen its ability to expand product offerings and compete more aggressively in the space.

The reported talks come as market participants continue to watch how regulated prediction markets evolve alongside crypto-native trading infrastructure. For the industry, the fundraising interest suggests that investors see potential in business models built around event contracts and compliant market access.