Kalshi in talks for new funding round at valuation of up to $65 billion

Kalshi is in talks with investors for a new funding round at a valuation of roughly $65 billion, according to Bloomberg, just weeks after closing a prior round at a $40 billion valuation. The reported jump of about 62% in such a short window underscores how aggressively investors are pricing prediction-market platforms. Kalshi has drawn attention as regulated event-contract trading expands into areas traditionally covered by derivatives and polling. The steep markup also comes as rival prediction markets gain traction, intensifying competition for liquidity and users. What to watch next is whether the round closes at the floated valuation and how quickly Kalshi deploys the capital to broaden its contract offerings.