Kalshi Targets $40B Valuation as Revenue Hits $4B | CoinDesk Daily

Kalshi in talks to raise $750M at a $40B valuation. Prediction market Kalshi is in talks to raise $750 million at a $40 billion valuation, with Sequoia and Wellington eyeing the round. The company's annualized revenue hit $4 billion in July, nearly four times rival Polymarket. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.