fundraising

Kalshi in advanced talks to raise $1B at $40B valuation with Tiger Global, Dragoneer

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Kalshi is in advanced talks to raise about $1 billion at a valuation around $40 billion, with Reuters-linked coverage placing Tiger Global and Dragoneer among the investors in the discussions. One report says the round could be finalized in the coming weeks, and another notes the valuation would be far above the company’s level in May and December. Some coverage also places the fundraising discussion ahead of a possible IPO.

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Key claims & sources

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Kalshi is in advanced talks to raise about $1 billion at a valuation near $40 billion.
Kalshi Valuation Could Nearly Double to $40B: What Would Justify It?
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Kalshi was valued at $22 billion in a $1 billion round four months earlier, after a prior valuation that had already doubled from December.
Kalshi in advanced talks to raise new funding at $40B valuation: Reuters
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The talks include Tiger Global Management and Dragoneer Investment Group among the investors.
Kalshi in Advanced Talks for $1B Raise at $40B Valuation: Reuters
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One report says the round could be finalized in the coming weeks.
Kalshi Reportedly Nears $1 Billion Raise With Tiger Global and Dragoneer in…
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Another report says the new fundraise comes ahead of a possible IPO.
Kalshi nears roughly $1 billion raise at about $40 billion valuation ahead of…

Market reaction i

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The total crypto market rose 0.3% in the 4 hours after the first headline, after falling 0.1% in the 2 hours before.

$2.9T market cap at the headline
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+0.3% 4 h after
+0.3% 12 h after
First headline

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Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Sep 29 17:41
+10 h 42 m
Sep 30 04:23
BeInCrypto adds
Breaks the figures down; the largest, $19B, with quotes
+12 h 4 m
Sep 30 05:45
+12 h 53 m
Sep 30 06:34
The Defiant echo
No new facts: including, existing, defiant
+16 h 46 m
Sep 30 10:27
+21 h 11 m
Sep 30 14:52
Crypto Economy echo
No new facts: participation, approximately, negotiations; with quotes
+1 d 6 h
Oct 1 00:04
Crypto Briefing echo
No new facts: regulatory, especially, potential