Technology
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Kalshi in talks to raise money at $65 billion valuation, Bloomberg News reports
Carlos Martinez
Carlos Martinez
Sports Reporter · Fargo, ND
Carlos Martinez, a former sports anchor for Fargo's local NPR affiliate, has been reporting on professional sports for over eight years. He holds a journalism degree from the University of Minnesota and is known for his sharp insights into the local professional teams.
More from Carlos →Sports Reporter · Thursday, November 12, 2026 at 9:15 PM · 1 min read
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 Details
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)
About This Story
Local news from Fargo Current
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Fargo, North Dakota
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Technology
Published
Thursday, November 12, 2026
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1 min
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