Kalshi in talks to raise at $65 billion valuation ahead of possible IPO
AI summary
Prediction market platform Kalshi is reportedly in talks to raise new capital at a $65 billion valuation, even after closing a financing round last month, according to Bloomberg. New investors would be backing the company at that level ahead of a potential IPO. Traders care because Kalshi's growth signals rising mainstream demand for event and prediction markets, a sector increasingly overlapping with crypto betting and derivatives activity.
