The prediction market Kalshi is currently in discussions to secure funding from venture capital firms that may elevate its valuation to over $10 billion, according to a report from Bloomberg, referencing anonymous sources acquainted with the situation.

<p><strong>This news arrives shortly after Kalshi unveiled a $300 million funding round, which pegged its valuation at $5 billion.</strong> The platform, known for its rapid growth, has attracted significant investor interest, with talks suggesting potential valuations ranging from $10 billion to $12 billion or more.</p>

<p><strong>Earlier this month, Kalshi finalized a funding round co-led by notable firms like Andreessen Horowitz and Sequoia Capital.</strong> In June, the company secured $185 million at a $2 billion valuation, led by the crypto-centric firm Paradigm.</p>

<p><strong>Established in 2018 in New York, Kalshi allows users to trade on a variety of real-world events—from electoral outcomes to sports results.</strong> A legal victory last October permitted the company to introduce contracts related to elections, significantly increasing trading activity. Furthermore, it has expanded to include nationwide sports contracts, contributing to a trading boom for both Kalshi and its competitor Polymarket.</p>

<p>An insider familiar with Kalshi’s fundraising efforts informed <em>Bloomberg</em> that <strong>new capital could empower the company to compete more fiercely</strong> in an expanding and competitive marketplace.</p>

<p>The heightened interest aligns with broader trends, as major Wall Street firms and gambling enterprises are considering alliances with prediction markets. <strong>Recently,</strong> <strong>the National Hockey League inked multiyear agreements with both Kalshi and Polymarket</strong>, signifying the first significant partnership with major league platforms.</p>

<p>In related news, Intercontinental Exchange Inc., which owns the New York Stock Exchange, <strong>announced intentions to invest up to $2 billion in Polymarket, estimating its valuation at around $8 billion, a rise from $1 billion earlier in the year.</strong></p>

<p>Experts highlighted that <strong>preemptive venture capital offers have become increasingly prevalent in thriving sectors, with investors eager to secure stakes prior to formal fundraising rounds.</strong> Kalshi and Polymarket rank among the few prominent sectors garnering substantial investment outside of artificial intelligence.</p>

<p><strong>Despite its rapid expansion, regulatory concerns linger.</strong> Although the Commodity Futures Trading Commission has sanctioned Kalshi’s entry into new markets, <strong>state gaming regulators, typically overseeing sports betting, have pushed back in courts.</strong> Legal ambiguities regarding market manipulation and insider trading also remain unresolved.</p>

<p>Kalshi co-founder and CEO Tarek Mansour announced recently on X that the <strong>company achieved an astounding $50 billion in annualized trading volume</strong>.</p>