Kalshi plans to raise at least $750 million at a $40 billion valuation, with trading volume reaching $14.1 billion in the past 30 days.

Odaily Planet Daily reports that prediction market platform Kalshi is seeking at least $750 million in funding at a $40 billion valuation, more than double its $22 billion valuation six months ago. The platform was approved as a designated contract market by the U.S. Commodity Futures Trading Commission (CFTC) in 2021. As of September 4th, Kalshi's 30-day trading volume reached $14.1 billion, while Polymarket's was $3.1 billion, with Kalshi accounting for approximately 82% of the combined volume. Over 80% of Kalshi's trading volume comes from sports events. (Bitcoin.com News)