[Kalshi Seeking New Round of Funding at $40 Billion Valuation] According to CoinDesk, prediction market platform Kalshi is seeking a new round of funding at an approximate $40 billion valuation, nearly doubling its previous $22 billion valuation. The deal could be completed as early as the third quarter. If successful, it will further widen its valuation lead over competitor Polymarket. Kalshi's previous funding round attracted renowned institutions such as Coatue Management, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Yesterday, Kalshi's CEO stated that the prediction market platform is preparing for an IPO, expected to go public after 2027.