Kalshi Seeks $40B Valuation Weeks After $1B Raise: FT

In brief

• Kalshi is in talks to raise at a $40 billion valuation, per the Financial Times, nearly double the $22 billion it was valued at following last month’s $1 billion raise.
• CEO Tarek Mansour told CNBC the company is “thinking about” an IPO but won’t go public in 2026, with reports…