The prediction-market platform raised $1 billion at a $22 billion valuation in May and is now discussing a new round that could nearly double that figure.

  • Kalshi is in advanced talks with Sequoia Capital and Wellington Management to raise at least $750 million at a $40 billion valuation, according to people familiar with the matter.
  • The round would deepen Sequoia’s existing stake and mark Wellington’s first investment in Kalshi, as the prediction market platform eyes a potential IPO in 2027.
  • Kalshi, which raised $1 billion at a $22 billion valuation in May, now generates about $4 billion in annualized revenue—driven largely by sports contracts—and claims 95 percent of the U.S. prediction market by revenue.
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The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions

Crypto job postings triple to over 1,200 in September, but applications fall

BlackRock offers a glimpse of how tokenization may change your investment portfolio

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