Kalshi Seeks $750M Funding Round at $40B Valuation Target

Kalshi engages Sequoia and Wellington for $750M raise, targeting $40B valuation. This follows a $1B May round at $22B, cementing its lead over Polymarket.

Woofun AI reports that Kalshi is conducting advanced discussions with Sequoia Capital and Wellington Management to secure a $750 million funding round, which would establish a $40 billion valuation for the prediction market platform. Sequoia Capital, managing $560 billion in assets, already has board representation, while this round would represent Wellington Management's inaugural investment in the firm. Kalshi previously closed a $1 billion round in May at a $22 billion valuation, maintaining its position ahead of competitor Polymarket.