Kalshi fielding investment offers at up to $12 billion valuation shortly after major funding round: Bloomberg
Prediction market platform Kalshi is fielding investment offers valuing it up to $12 billion, following a recent $5 billion valuation raise.Summary
U.S.-regulated prediction market platform Kalshi is reportedly receiving investment proposals from venture capital investors that value the company at as much as $12 billion, according to Bloomberg sources. This follows a major funding round less than two weeks prior where the startup raised over $300 million at a $5 billion valuation. The interest comes as Kalshi's rival, Polymarket, recently disclosed an investment from Intercontinental Exchange valuing it at $9 billion post-money. Both platforms are also expanding into the sports betting sector, with Kalshi partnering with Robinhood and both reportedly securing multi-year licensing agreements with the NHL. Kalshi's Head of Crypto aims to have its prediction market available on every large crypto application within the next year.
(Source：The Block)