Kalshi is reportedly seeking a new round of funding, with a valuation potentially reaching $40 billion.

BlockBeats News, June 25th, according to the Financial Times, the prediction market platform Kalshi is reportedly in talks with investors for a new round of financing, aiming for a valuation of around $40 billion, which could be completed as soon as the third quarter of this year.

Previously, Kalshi had just completed a $1 billion financing last month, with a valuation of $22 billion. Investors include Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley, among other institutions. Data shows that Kalshi's trading volume last month exceeded $17 billion, a significant increase from less than $5 billion a year ago, with about 65% of the volume coming from sports-related prediction contracts.