According to Reuters, prediction market platform Kalshi is in advanced talks with both new and existing investors like Tiger Global and Dragoneer for approximately $1 billion in new funding. This round is expected to close in the coming weeks, with a valuation of around $40 billion—an 82% increase compared to its $22 billion valuation during the $1 billion funding round in May. Existing shareholders Sequoia Capital and Wellington Management are reportedly discussing co-leading the round. Over the past year, Kalshi has surpassed Polymarket in market share and plans to expand its business from sports and election prediction markets to more asset classes. The company has also recently held preliminary discussions about a potential IPO in the next few years. Meanwhile, Polymarket is separately seeking around $1 billion in funding. https://(wublock123.com)/news/kalshi-raises-about-1b-funding-valuation-40b-69232