Kalshi is reportedly in talks to raise $750M at a valuation of $40B, with Sequoia and Wellington considering leading the round 💰
The company was valued at $22B in May, when it raised $1B, showing rapid growth in just a few months 📈
Kalshi is now the largest prediction market platform by revenue, ahead of its main rival Polymarket 🏆
Its annualized revenue reached $4B in July, boosted by betting activity during the World Cup ⚽
Sports account for more than 80% of Kalshi's trading volume, making them its main growth driver.
The company is also reportedly considering an IPO in 2027, which could mark another major step in its expansion 🚀
Prediction markets continue to grow as users bet on real-world events, from sports and elections to weather.
Today's Pill - the prediction market industry is attracting major investors as rising trading volumes, strong revenue growth and potential IPOs push the sector further into the mainstream 🔄
The company was valued at $22B in May, when it raised $1B, showing rapid growth in just a few months 📈
Kalshi is now the largest prediction market platform by revenue, ahead of its main rival Polymarket 🏆
Its annualized revenue reached $4B in July, boosted by betting activity during the World Cup ⚽
Sports account for more than 80% of Kalshi's trading volume, making them its main growth driver.
The company is also reportedly considering an IPO in 2027, which could mark another major step in its expansion 🚀
Prediction markets continue to grow as users bet on real-world events, from sports and elections to weather.
Today's Pill - the prediction market industry is attracting major investors as rising trading volumes, strong revenue growth and potential IPOs push the sector further into the mainstream 🔄