The prediction-market startup is currently negotiating to secure fresh capital from investors. If completed at the proposed terms, the deal would assign the company a staggering $65 billion valuation. This funding effort underscores the growing financial momentum behind platforms that allow users to trade on future events. Discussions regarding the exact size and final terms of the funding round remain ongoing.
Key points
A completed funding round would cement the startup's position as a major financial techno…: A completed funding round would cement the startup's position as a major financial technology giant.
The high valuation indicates robust investor demand for venture-backed prediction platfor…: The high valuation indicates robust investor demand for venture-backed prediction platforms.
The company is seeking to rapidly expand its operations through substantial new capital.: The company is seeking to rapidly expand its operations through substantial new capital.
Sources checked by our analysis pipeline: 1
Nov 12 : 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.
The sudden leadership vacuum at the semiconductor giant comes amid compounding workplace scandals and serious counterintelligence scrutiny. A reported relationship with a suspected Chinese spy drew federal attention, while a separate affair with a direct subordinate intensified internal pressure. The company is now navigating both interim leadership and ongoing federal inquiries.
The chipmaker faces an immediate succession crisis following the sudden departure of its co-founder due to personal conduct revelations. Operating with dozens of direct reports gave the longtime chief executive total control, but it left the enterprise without a groomed successor capable of managing the entire business. Analysts warn that dismantling this centralized operational model may be necessary to maintain long-term stability.
A board revolt following revelations of two extramarital affairs, including one involving an alleged Chinese spy, prompted the sudden exit of Nvidia's co-founder. Chief Financial Officer Colette Kress has taken over as interim chief executive while maintaining her finance responsibilities during the search for a permanent leader. The executive shakeup sparked widespread turbulence across technology stocks as investors quickly reassessed competitive dynamics in the artificial intelligence sector.