Kalshi's Valuation Could Nearly Double to $40 Billion After Reports Suggest It Could Raise Another $750 Million. Here's What's Driving the Prediction Market Boom.
The popularity of the prediction markets continues to rise.
Overview
The leading prediction markets company, Kalshi, is reportedly in talks to raise another $750 million at a $40 billion valuation. The Information reported the news, citing anonymous sources.
Three months ago, Kalshi raised $1 billion in funding at a $22 billion valuation, so the company is quickly gaining traction in the private markets.
Details
Kalshi is reportedly in talks with the large venture capital firm Sequoia Capital and the large asset manager Wellington Management.
Source
Originally published at www.fool.com.
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