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Kalshi seeks $65B valuation in new funding round ahead of possible IPO
The prediction-market platform is negotiating fresh capital at that valuation, according to Bloomberg, as investors position before a listing.
Key takeaways
- Kalshi is in talks to raise capital at a $65 billion valuation, Bloomberg reported.
- The company is weighing a possible initial public offering, according to the report.
- The talks continue even after earlier fundraising, the report said, citing people familiar with the situation.
- Prediction markets have grown quickly in popularity and scale, drawing investor interest.
Funding talks at a $65 billion valuation
Kalshi is negotiating a new funding round at a valuation of $65 billion, Bloomberg reported on 13 November, citing people familiar with the situation. The prediction-market platform is discussing the raise ahead of a possible initial public offering, according to the report.
The talks are a continuation of capital raising rather than a first approach, the report said. It did not name the investors involved or give the size of the round.
Why investors are moving now
Prediction markets have grown quickly in both popularity and scale, and investors are looking to take positions before the largest of these platforms list on public markets, according to Cryptonews.net. The report frames the Kalshi talks as part of that broader interest in the sector.
Neither report gave a timetable for an IPO, and Kalshi has not confirmed the valuation or the fundraising publicly. The $65 billion figure comes from people cited by Bloomberg, not from a company statement or a filing.
What is still open
It is not known how much Kalshi aims to raise, which investors are in talks, or whether the round will close before any listing. The reports did not say whether the possible IPO would follow the funding round or run alongside it.
Kalshi had not published a comment on the reports as of 13 November.
Sources
2 reports- Bitcoin.com News (RU)«Калши» нацелилась на оценку $65 млрд перед возможным IPO — Bloomberg
- Cryptonews.net (RU)«Калши» нацелилась на оценку $65 млрд перед возможным IPO — Bloomberg
This article was drafted by Clause, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What valuation is Kalshi seeking?
Kalshi is negotiating a funding round at a $65 billion valuation, according to Bloomberg, which cited people familiar with the situation.
Is Kalshi going public?
The company is weighing a possible IPO, the Bloomberg report said. No timetable has been given and Kalshi has not confirmed the plans publicly.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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