Kalshi in advanced talks for $1B raise at $40B valuation
Image: UnchainedKalshi, a CFTC-regulated prediction markets platform, is in advanced talks to raise roughly $1 billion at a $40 billion valuation. Tiger Global Management and Dragoneer Investment Group are among prospective investors, with Sequoia Capital and Wellington Management in talks to lead the round. The deal would nearly double Kalshi's valuation from the $22 billion it held in its May 2026 funding round. Kalshi commands over 90% of US prediction market activity, and its annualized trading volume tripled to $178 billion in the six months before the May raise.
Key points
- Kalshi is in advanced talks to raise roughly $1 billion at a $40 billion valuation.
- Tiger Global Management and Dragoneer Investment Group are among prospective investors in the round.
- Sequoia Capital and Wellington Management are in talks to lead the funding round.
Why it matters
Kalshi's growth highlights rising institutional interest in regulated prediction markets as an alternative to unregulated crypto-based platforms like Polymarket. Its pending funding round and potential IPO path signal growing mainstream acceptance of event contract trading.
Sources · 2 publishers
Unchained
Tier 1
Kalshi Reportedly Nears $1 Billion Raise With Tiger Global and Dragoneer in Talks
Crypto Briefing
Tier 2
Kalshi nears roughly $1 billion raise at about $40 billion valuation ahead of possible IPO
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Unchained
- CryptoVideos brief published
- 1 more publisher added to sources
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