Kalshi Seeks $40B Valuation Funding Amid 100% Revenue Surge

Predictive market platform Kalshi targets $40B valuation for new funding, citing annual revenue doubling to over $4B and June operating expenses of $300M.

Woofun AI reports that predictive market platform Kalshi is pursuing new capital at a $40 billion valuation. This figure represents an 82% increase from the $22 billion valuation established during its Series F financing round in May. The company's annual revenue has doubled over the past two months, now exceeding $4 billion. Recent operational data indicates that Kalshi's expenses in June reached $300 million, driven primarily by marketing and promotional activities.