World · Institutional · United States ·
Kalshi in talks to raise $750 million at $40 billion valuation
The crypto prediction market platform Kalshi is discussing a fundraising round with Sequoia and Wellington that could value the company at $40 billion, roughly doubling its valuation from a $22 billion $1 billion raise in May.
Why it matters for the crypto market
Continued venture capital interest in crypto prediction markets at rising valuations reflects investor confidence in the sector despite ongoing regulatory scrutiny in the US.
Source: CoinDesk
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