[Kalshi Plans to Raise $1 Billion at a $40 Billion Valuation, Sequoia Capital and Wellington Management to Lead Investment] Odaily Planet Daily News: Prediction market operator Kalshi is in talks for a $1 billion funding round, targeting a $40 billion valuation. Existing investors Sequoia Capital and Wellington Management are reportedly discussing leading the round, with Tiger Global and Dragoneer Investment Group also in negotiations. The funding round has not yet been finalized, and the final list of investors and closing date have not been disclosed. Kalshi previously raised $300 million at a $5 billion valuation in October 2025 and completed a $1 billion funding round at a $22 billion valuation in May 2026. On September 25, the U.S. Sixth Circuit Court of Appeals issued a ruling unfavorable to Kalshi in a lawsuit involving Ohio and Tennessee, allowing the two states to regulate its sports contracts under gambling laws. Kalshi argues that its products are regulated by the U.S. Commodity Futures Trading Commission. (Bitcoin.com News)