Kalshi in Talks at $40 Billion Valuation as Regulated Prediction Markets Surge

CFTC-regulated prediction market Kalshi is in talks to raise funding at a $40 billion valuation, up from $22 billion in May. Its annualized trading volume hit $178 billion as institutional interest surges.

• Kalshi's valuation jumped from $2 billion (June 2025) to a potential $40 billion in just one year.
• Annualized trading volume grew from $52 billion to $178 billion over the past six months.
• Institutional trading activity on Kalshi increased eightfold in the same period.
• Kalshi's CFTC regulation gives it an edge over Polymarket, which is valued at roughly $15 billion.
• The company is exploring an IPO but says any listing is unlikely before 2027.

Coinporta summarises news for fast scanning. Full reporting belongs to the source.