Kalshi in Talks for Financing at a $65 Billion Valuation
Start here
AI-assisted source synthesis · not an independent investigation.
On November 13, 2026, PYMNTS reported that prediction market platform Kalshi is in talks for a new financing round targeting a valuation of $65 billion. The report noted that this valuation is 62.5% higher than the $40 billion valuation in its financing at the end of October. In terms of business data, Kalshi’s monthly contract-value trading volume increased from $40 billion in August to nearly $100 billion in October, while its recent annualized revenue has exceeded $5 billion. Financing documents from October showed that the company’s gross margin was approximately 90%. The report did not disclose the size of this financing round, the investors, or the expected completion date.
AI-written from reports · updated 2 hours ago
Timeline
Follow the reporting to see the different sides of the story.
- PYMNTSKalshi in talks to raise funding at a target valuation of $65 billion
Kalshi is in talks to raise funding at a target valuation of $65 billion, 62.5% higher than its $40 billion valuation in its late-October funding round. Its monthly contract trading volume rose from $40 billion in August to nearly $100 billion in October, while annualized revenue recently exceeded $5 billion; October funding documents showed a gross margin of approximately 90%.
Heat over time
Not enough consecutive observations yet to draw a trend.