Kalshi reportedly nearing $40bn valuation in Sequoia-led round ahead of IPO

Kalshi is reportedly finalizing a funding round at about a $40 billion valuation, up from $11B in December 2025 and $22B in March 2026, ahead of a possible IPO. Sequoia and Wellington are reported to be in talks to lead. No terms or timing were disclosed.

Detected & updated continuously · Source: Nebula