Finance isn’t exactly known for minting new business models overnight. The industry is heavily regulated, customers are slow to move money and licensing often keeps firms in familiar lanes. Prediction markets are proving a rare exception.Fast-growing U.S. prediction market Kalshi recently topped ...

Finance isn’t exactly known for minting new business models overnight. The industry is heavily regulated, customers are slow to move money and licensing often keeps firms in…

The prediction market operator, which is eyeing a potential public debut in 2027, could close a new funding round in Q3, according to a Financial Times report.

Kalshi is negotiating a new funding round at a $40 billion valuation, nearly doubling its $22 billion valuation from a $1 billion raise just two months ago.

Prediction market platform Kalshi is reportedly seeking new funding at a $40 billion valuation, nearly doubling its valuation of $22 billion in May.