NASDAQ:LMCA 5 March 2026

June 25, 2026, 1:30 PM EDT. Prediction market Kalshi aims to raise capital at a $40 billion valuation, nearly doubling its last $22 billion funding round. The firm plans to finish fundraising by Q3 2024 while gearing up for an IPO possibly in 2027, subject to market conditions. Kalshi leads the prediction market sector, outpacing rival Polymarket valued at $15 billion. These platforms let investors bet on real-world events, including elections and sports. Unlike Polymarket, which uses blockchain technology and operates outside U.S. regulatory reach, Kalshi runs as a federally regulated U.S. exchange. Increased competition comes from entrants like Robinhood and DraftKings. Kalshi's IPO preparation signals growing investor interest in the prediction market industry.