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Sep 29, 2026

Kalshi in advanced talks to raise $1 billion at $40 billion valuation

Prediction market platform Kalshi is in advanced discussions to raise approximately $1 billion in funding that would value the company at roughly $40 billion, nearly double its May 2026 valuation of $22 billion. Tiger Global and Dragoneer are reportedly in talks to lead the financing.

Sep 29, 2026·4 sources
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Top claims

  • ▪Kalshi's annualized trading volume tripled to $178 billion over a six-month period leading up to May 2026, up from $52 billion
  • ▪Kalshi's institutional trading volume surged 800% over a six-month period leading up to May 2026, and its annualized revenue run-rate exceeded $1.5 billion
  • ▪Prediction markets are a legitimate asset class for institutional hedging

Topics

Venture capital fundingCrypto prediction markets