Kalshi Nears $40 Billion Valuation in $1 Billion Raise as Bitcoin (BTC) Markets Take Note

Kalshi is in talks to raise about $1 billion at a near-$40 billion valuation, 82% above May, with Sacra pegging revenue at $3.5B. Crypto rival Polymarket is also seeking funding. The raise highlights growing investor interest in prediction markets, with Bitcoin markets taking note of Kalshi's expansion.