KALSHI IN TALKS TO RAISE $750M AT $40B VALUATION

Summary from the TLDR Fintech newsletter

Kalshi is reportedly in advanced talks with Sequoia Capital and Wellington Management to raise at least $750 million at a $40 billion valuation, less than four months after raising $1 billion at $22 billion. The prediction market platform's annualized revenue reportedly reached $4 billion in July, driven largely by sports contracts, as it widens its lead over Polymarket and considers a potential 2027 IPO.