The Information · Yueqi Yang ·
Kalshi is in advanced talks to raise $750M+ co-led by Sequoia Capital and Wellington Management at a $40B valuation; Kalshi was valued at $22B in May
Kalshi, the biggest prediction market, is in advanced talks to raise at least $750 million in a new financing round at a $40 billion valuation …
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The Information: Kalshi's annualized revenue topped $4B in July, up from $2B+ two months earlier, and its operating expenses totaled $300M in June