Prediction Market Platform Kalshi Seeks $40 Billion Valuation, Up 82% from Prior Round
Kalshi is raising new funding at a $40 billion valuation, an 82% increase from its $22 billion Series F in May. The company's annualized revenue surpassed $4 billion in July, doubling from about $2 billion two months earlier. June operating expenses reached $300 million, largely for marketing. Growth was partly driven by World Cup-related trading activity.
Prediction market platform Kalshi is seeking a new funding round at a $40 billion valuation, an 82% increase from the $22 billion valuation in its Series F round in May. The company has seen significant recent growth, with annualized revenue surpassing $4 billion in July, doubling from about $2 billion two months earlier.
Kalshi's operating expenses reached $300 million in June, primarily for marketing and promotion. The company's growth has been partly driven by the World Cup, as related events brought increased trading activity to its platform.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Financial Technology, with intensity 50/100 and 60% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.