Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket (opens original article in a new tab)

Kalshi targets a $40 billion valuation in new funding, potentially widening its lead over rival Polymarket, as it considers an IPO after 2027.

• Kalshi seeks $40 billion valuation, up from $22 billion in previous round
• Kalshi's valuation lead over Polymarket could widen if fundraising succeeds
• Kalshi considers IPO but not before 2027