Kalshi Seeks $40B Valuation Weeks After $1B Raise: FT

Kalshi, the prediction market platform, is aiming for a $40 billion valuation just weeks after securing a $1 billion funding round. This significant valuation leap comes amid escalating tensions between federal and state authorities over regulatory oversight. Such a high valuation underscores Kalshi's ambitious growth trajectory and its potential to shape the future of decentralized financial markets, despite regulatory challenges. This surge also highlights the broader implications for the prediction market industry as it navigates a complex regulatory landscape.