POPA ReconKalshi in Talks With Sequoia, Wellington to Raise $750M at $40B Valuation
Kalshi in Talks With Sequoia, Wellington to Raise $750M at $40B Valuation Kalshi is reportedly in advanced discussions with Sequoia Capital and Wellington Management to raise at least $750M at a $40B valuation, nearly doubling its May valuation. Sequoia is already an existing investor, while the round would mark Wellington’s first investment in Kalshi as the prediction-market platform eyes a potential 2027 IPO. Kalshi raised $1B at a $22B valuation in May and has since seen rapid growth, with annualized revenue reportedly reaching $4B in July, driven largely by sports contracts and 2026 Wor…
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