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

Tarek Mansour said to CNBC's "Squawk Box" it made sense for the company at the stage to think about a debut on public markets.

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…

Kalshi's rapid valuation surge highlights the growing tension between innovative financial platforms and traditional regulatory frameworks.

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.

Kalshi's reported valuation reflects the firm's rapid growth, as it reported a $5 billion valuation last October.

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