Prediction platform Kalshi is preparing for a new round: valuation could soar to $40 billion
The decentralized prediction market continues to gain momentum. Kalshi, one of the leading platforms in this segment, is negotiating a new round of funding. According to my information, the negotiation process is in full swing, and the company's valuation could reach an astronomical $40 billion.
A Leap in Six Months
This move appears to be a logical continuation of rapid growth. Back in May of this year, Kalshi successfully closed a $1 billion round at a $22 billion valuation. Thus, in less than six months, the platform could double its value. Such dynamics are rare even for fast-growing crypto projects.
What is behind this explosive growth? First and foremost, it is the growing interest in prediction markets as a tool for hedging risks and speculating on political, economic, and sports events. Kalshi, unlike many competitors, operates in a fully regulated U.S. environment, which adds credibility with institutional investors.
My Professional Opinion
The rapid rise in Kalshi's valuation is not just a bubble. I see it as a clear signal that the prediction market is transitioning from a niche category into the mainstream. Achieving a $40 billion valuation is a serious bid for dominance. However, it is worth remembering that such high multiples require corresponding monetization. If Kalshi cannot convert its audience into sustainable revenue, such a bubble risks bursting. For now, though, this is a brilliant example of how regulated platforms are outperforming decentralized counterparts in the battle for capital.