Kalshi in talks to raise money at $65 billion valuation, Bloomberg News reports

Nov 12 (Reuters) – Kalshi is in talks to raise fresh funds at a $65 billion ​valuation, Bloomberg News reported ‌on Thursday, days after finalizing a financing round that valued the prediction-market startup at $40 billion. The previous ‌fundraise ​was expected to ⁠be the last ⁠one before the company’s anticipated initial public offering, but Kalshi decided to raise money again ​in the private markets, the report said, citing ⁠people familiar with ⁠the matter. Kalshi could not ​immediately be reached for comment on ​the report. The company raised $1 billion ‌in a new funding round late last month amid efforts to expand beyond event ⁠contracts and compete more directly with traditional exchanges. The round was co-led by ⁠Sequoia ‌and Wellington. The October ⁠fundraise came just over ​five ‌months after Kalshi raised $1 ​billion ⁠in a Coatue-led round that valued the company at $22 billion. (Reporting by Pritam Biswas in Bengaluru; Editing by Leroy Leo and ​Sriraj Kalluvila)