[Kalshi Reportedly Seeking New Round of Funding, Valuation May Rise to $40 Billion] BlockBeats News, June 25, according to a report by the Financial Times, prediction market platform Kalshi is in discussions with investors for a new round of funding, targeting a valuation of approximately $40 billion, potentially completing as early as the third quarter of this year. Previously, Kalshi had just completed a $1 billion funding round last month, reaching a valuation of $22 billion, with investors including Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows that Kalshi's trading volume last month exceeded $17 billion, a significant increase from less than $5 billion a year ago, with approximately 65% of the trading volume coming from prediction contracts related to sports events. [Original Link]