Kalshi is in advanced talks with Sequoia Capital and Wellington Management to raise at least $750 million at a $40 billion valuation. The round would nearly double its May valuation while the company reports $4 billion in annualized revenue and eyes a 2027 IPO.
The new round would nearly double the $22 billion valuation Kalshi achieved when it raised $1 billion in May.
The firm reported approximately $4 billion in annualized revenue as of July, with sports contracts driving over 80 percent of its trading volume.
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OKX attracted investment at a $25 billion pre-money valuation from Circle, Ripple, Standard Chartered’s venture arm and Qube Research. The round builds on prior support from Intercontinental Exchange and advances the firm’s tokenized asset and platform expansion plans.
ESMA has warned that binary prediction-market event contracts functioning as financial instruments are prohibited for retail clients under the EU’s binary options ban. The move comes as platforms such as Kalshi and Polymarket expand rapidly and attract traditional-finance interest.
The CFTC sued Kentucky after the state targeted prediction markets Kalshi and Polymarket, marking the agency's ninth such lawsuit and the first against a state with a Republican attorney general. The dispute centers on whether event contracts fall under federal CFTC jurisdiction or state gambling regulations, with 20 states now involved in related litigation.
Instinct has raised $1 billion in a Series C round at a $10 billion valuation. The round underscores investor interest in consumer AI agents that perform tasks beyond conversation.
The Boring Co. raised $3 billion in a funding round led by the United Arab Emirates, achieving a $23 billion valuation to support its tunnel projects. The financing highlights the company's shift toward Middle East growth while its sole operational loop remains in Las Vegas amid stalled U.S. plans and local opposition.
