Kalshi Could Be Worth $40 Billion After New fundingKalshi Could Be Worth $40 Billion After New Funding
The prediction markets exchange would follow a $1 billion May fundraise as it seeks to expand into a broader trading platform.
- On Tuesday, Kalshi is in advanced discussions to raise about $1 billion from Tiger Global Management and Dragoneer Investment Group, valuing the prediction markets exchange at about $40 billion.
- Founded in 2018 by Massachusetts Institute of Technology alumni Tarek Mansour and Luana Lopes Lara, Kalshi aims to broaden its platform from sports betting and election outcomes into a one-stop trading venue competing with CME Group and Intercontinental Exchange.
- Tiger Global manages about $60 billion in assets and has backed OpenAI, ByteDance, Revolut, and Flipkart over two decades, while San Francisco-based Dragoneer has recently invested in OpenAI and SpaceX; Kalshi leapfrogged Polymarket over the past year per Dune Analytics data.
- The $1 billion raise values Kalshi at nearly double its $22 billion valuation from May, reflecting investor confidence in the sector's rapid growth within four months.
- Prediction markets face regulatory scrutiny as lawmakers including Senator Adam Schiff raise investor protection concerns, while rival Polymarket navigates a CFTC investigation and separately pursues $1 billion in capital.
13 Articles
13 Articles
Tiger Global, Dragoneer in talks to invest in Kalshi's new $1 billion fundraise
The fresh capital raise is expected to be finalised in the coming weeks and will value Kalshi at about $40 billion, the sources said, requesting anonymity as the discussions are confidential. It comes on the heels of a $1 billion fundraise in May that valued the firm at $22 billion.
EXCLUSIVE: Tiger Global, Dragoneer in talks to invest in Kalshi's new ...
Kalshi in Talks to Raise $1 Billion at $40 Billion Valuation
Prediction-market operator Kalshi is reportedly in talks to raise approximately $1 billion at a valuation of about $40 billion, potentially marking another sharp increase in the company's value as investor interest in regulated event-contract trading continues to grow. The financing discussions remain ongoing, meaning the size, valuation and participating investors could still change and no transaction has been completed. If finalized at the rep…
Kalshi Weighs $1B Funding Round at Nearly $40B Valuation as It Expands
Kalshi is considering a funding round of about $1 billion at a valuation near $40 billion, according to reports, as the prediction-market operator expands beyond event contracts. Sequoia Capital and Wellington Management are in talks to participate, while Tiger Global Management and Dragoneer Investment Group are also considering joining. The discussions remain ongoing, and the deal size and valuation could change. Funding Talks Continue Kalshi …
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