Kalshi, a prediction-market platform, is in discussions with investors Sequoia and Wellington for a new funding round, according to reporting from CoinDesk.
The proposed $750 million fund raise is valued at $40 billion, which could nearly double the platform's previous valuation of $22 billion after it raised $1 billion in May.
Kalshi's potential new funding round indicates a significant increase in the company's valuation in a short period.