Kalshi in Advanced Talks With Sequoia and Wellington for $750 Million Round at $40 Billion Valuation

Kalshi in Advanced Talks With Sequoia and Wellington for $750 Million Round at $40 Billion Valuation

Prediction market operator Kalshi is in advanced discussions with Sequoia Capital and Wellington Management over a funding round of at least $750 million at a $40 billion valuation, The Information reported Thursday, citing people familiar with the matter. The final figure could land higher. Sequoia already has an executive on Kalshi’s board and would be deepening an existing position. For Boston-based Wellington, which oversees $1.3 trillion in…

Kalshi's Valuation Could Nearly Double to $40 Billion After Reports Suggest It Could Raise Another $750 Million. Here's What's Driving the Prediction Market Boom.

The popularity of the prediction markets continues to rise.

Kalshi Chases $40 Billion Valuation as Wellington Eyes First-Ever Stake

Kalshi wants $750 million. Fast. The prediction market platform is deep in talks with Sequoia Capital and Wellington Management to… Read the original on Kalshi Chases $40 Billion Valuation as Wellington Eyes First-Ever Stake. For more crypto news and analysis, visit TheCurrencyAnalytics.com.