World Cup Stirs $40Bn Valuation Hunt for Kalshi: Are Prediction Market Valuations Real?
Key takeaways
- World Cup Stirs $40Bn Valuation Hunt for Kalshi: Are Prediction Market Valuations Real?
- That $40Bn figure is nearly triple the $15Bn that rival Polymarket is reportedly targeting.
- The ongoing regulatory scrutiny of prediction markets is dominating the discussion around the Kalshi IPO, and until the situation is resolved, it is unlikely to become a publicly traded company.
World Cup Stirs $40Bn Valuation Hunt for Kalshi: Are Prediction Market Valuations Real? Alex Ioannou Sun, June 28, 2026 at 2:55 AM GMT+7 4 min read KLSH.PVT POLA.PVT Kalshi is in talks to raise fresh capital at a $40Bn valuation, according to a Financial Times report, nearly double the $22Bn price tag attached to its Series F round just weeks earlier in May 2026.
That $40Bn figure is nearly triple the $15Bn that rival Polymarket is reportedly targeting. The central tension this story forces onto the table is that a valuation that has moved roughly 20x in twelve months deserves more scrutiny than a funding press release typically gets.
The ongoing regulatory scrutiny of prediction markets is dominating the discussion around the Kalshi IPO, and until the situation is resolved, it is unlikely to become a publicly traded company.