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

Jun 25, 2026

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Prediction Market Kalshi Boosts Valuation to $22 Billion With Fresh $1 Billion Investment

Kalshi has grown explosively, claiming to have achieved an annualized trading volume of $178 billion by April 2026, up 32x year-on-year. But the platform is also caught in an escalating legal fight between state and federal authorities over who has the right to regulate prediction markets.

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