Kalshi in advanced talks to raise new funding at $40B valuation
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Prediction market platform Kalshi is in advanced talks to raise approximately $1 billion in new funding at a $40 billion valuation, according to sources familiar with the matter. Existing investors Sequoia Capital and Wellington Management are discussing leading the round, which could also involve Tiger Global Management and Dragoneer Investment Group. This follows Kalshi's May Series F round at a $22 billion valuation.
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