Key facts
- Kalshi is in talks to raise funds at a $65 billion valuation, Bloomberg News reported, citing people familiar with the matter.
- The talks follow a $40 billion round finalized days earlier that was expected to be Kalshi's last before an anticipated IPO.
- Kalshi raised $1 billion in the October round, co-led by Sequoia and Wellington.
- The October round came just over five months after a $1 billion Coatue-led round valued Kalshi at $22 billion.
- Kalshi could not immediately be reached for comment on the Bloomberg report.
Kalshi is in talks to raise fresh funds at a $65 billion valuation, Bloomberg News reported on November 12, 2026, citing people familiar with the matter. The talks come days after the prediction-market startup finalized a financing round that valued it at $40 billion.
The earlier fundraise was expected to be the last one before the company's anticipated initial public offering, but Kalshi decided to raise money again in the private markets, the report said. Kalshi could not immediately be reached for comment on the report.
The company raised $1 billion in the $40 billion round late last month, which was co-led by Sequoia and Wellington, as it works to expand beyond event contracts and compete more directly with traditional exchanges. That round came just over five months after Kalshi raised $1 billion in a Coatue-led round that valued the company at $22 billion.