Kalshi prediction platform is preparing for a new funding round with a valuation of $40 billion.
The prediction trading platform Kalshi, which has become one of the main beneficiaries of the political betting boom in the United States, is in advanced negotiations to raise a new round of funding. The company's expected valuation in this round could reach an impressive $40 billion.
Such a leap in capitalization looks more than impressive compared to the previous round, which Kalshi closed in May of this year. At that time, the company raised $1 billion at a valuation of $22 billion. Thus, in just a few months, the platform's estimated value has nearly doubled.
Phenomenal Growth Amid Political Turbulence
Kalshi's rapid rise is directly linked to the avalanche-like growth in interest in prediction markets, especially in the context of the U.S. presidential election. The platform, which started with niche predictions of economic indicators, has now transformed into a mainstream tool for hedging political risks and speculating on election outcomes.
Users actively use Kalshi to bet on the winner of the presidential race, the outcome of Congressional votes, and even on decisions by the Federal Reserve regarding interest rates. This flow of liquidity and data makes the platform a unique asset — not just a bookmaker, but a full-fledged source of high-frequency macroeconomic and political information.
Cryptalist Analytical Commentary: The rise in Kalshi's valuation to $40 billion is not just a speculative bubble. It is a signal that prediction markets are becoming a systemically significant sector of the financial ecosystem. If Kalshi manages to maintain its growth rate and legal status in the U.S., we could see a wave of institutional investment in similar platforms. However, the main risk is regulatory pressure: the higher the valuation, the closer the scrutiny from the SEC and CFTC.