Kalshi in Talks to Raise Capital at $40 Billion Valuation

Prediction market platform Kalshi is reportedly seeking a new funding round that would value the company at $40 billion, up from $22 billion just weeks ago, as trading volume surges past $17 billion per month.

• Kalshi is in talks to raise capital at a $40 billion valuation, up from $22 billion in its most recent round
• Monthly trading volume has surged past $17 billion, up from under $5 billion a year ago
• The platform recently launched perpetual futures for Bitcoin, Ethereum, XRP, Solana, and altcoins
• CME Group has sued the CFTC over its approval of Kalshi's crypto perpetual products
• Previous investors include Sequoia Capital, Andreessen Horowitz, Coatue Management, and Morgan Stanley

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Last updated 25 Jun 2026