TREE NEWS reports: Prediction market Kalshi is reportedly nearing a $1 billion fundraising round that would value it at about $40 billion, up from $22 billion in May. Tiger Global and Dragoneer are in talks to participate.
Kalshi in Talks to Raise $1 Billion at $40 Billion Valuation
AI take
The jump in Kalshi's implied valuation in just a few months says more about how quickly prediction markets have moved from niche to strategic asset than about Kalshi's own revenue. The involvement of crossover funds like Tiger Global and Dragoneer suggests this is being framed as a category bet, not a single-company one. The open question is whether that valuation reflects durable volume growth or a narrow window of investor enthusiasm for event-driven products.
Generated by AI for reference only.
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