According to the Financial Times, prediction market platform Kalshi is in talks for a new funding round, with a valuation of approximately $40 billion, potentially closing as early as Q3 this year. Last month, Kalshi completed a $1 billion funding round at a $22 billion valuation, with investors including Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi's trading volume last month exceeded $17 billion, up from less than $5 billion a year ago, with around 65% of the volume coming from sports-related contracts. https://www.(wublock123.com)/news/kalshi-seeks-new-funding-round-valuation-may-reach-40b-63425