Kalshi Chases $65 Billion Valuation Ahead of Potential IPO: Bloomberg

Citing people familiar with the matter, a report indicates that Kalshi is in talks to continue to raise capital even after closing a financing round last month. New investors would be putting capital behind Kalshi at a $65 billion valuation. Prediction market platforms have surged in both popularity and size, and investors are seeking to secure their positions before these giants go public. Kalshi, one of the two largest prediction platforms, with trading volumes nearing $100 billion in October, is in talks to complete a new funding round even after having tapped private markets recently.