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Kalshi in Talks to Raise $1B at $40B Valuation
The prediction markets exchange would follow a $1 billion May fundraise as it seeks to expand into a broader trading platform.
- On Tuesday, prediction markets exchange Kalshi is in advanced discussions to raise about $1 billion from Tiger Global Management and Dragoneer Investment Group, valuing the company at approximately $40 billion.
- Founded in 2018 by MIT alumni Tarek Mansour and Luana Lopes Lara, Kalshi aims to expand beyond sports betting and election outcomes into a one-stop trading platform competing with CME Group and Intercontinental Exchange.
- Tiger Global manages about $60 billion in assets and has backed OpenAI, ByteDance, Revolut, and Flipkart, while San Francisco-based Dragoneer has recently invested in OpenAI and SpaceX; Kalshi leapfrogged rival Polymarket over the past year per Dune Analytics data.
- The $1 billion raise nearly doubles Kalshi's valuation from $22 billion in May, marking the second major capital infusion within six months, though details of investor involvement have not been previously reported.
- Prediction markets face mounting regulatory scrutiny as lawmakers including Senator Adam Schiff, a California Democrat, raise investor protection concerns, while rival Polymarket navigates a CFTC investigation and separately pursues $1 billion in capital.
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Tiger Global, Dragoneer in talks to invest in Kalshi's new $1 billion fundraise
The fresh capital raise is expected to be finalised in the coming weeks and will value Kalshi at about $40 billion, the sources said, requesting anonymity as the discussions are confidential. It comes on the heels of a $1 billion fundraise in May that valued the firm at $22 billion.
·India
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EXCLUSIVE: Tiger Global, Dragoneer in talks to invest in Kalshi's new ...
·London, United Kingdom
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Kalshi Chases $40B Valuation as Prediction Markets Draw Serious Money
Kalshi wants more cash. The prediction market platform is in advanced talks for a new funding round targeting a $40… Read the original on Kalshi Eyes $40B Valuation as Prediction Markets Surge in Popularity. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Coverage Details
Total News Sources18
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
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