Kalshi Valuation Could Reach $40 Billion as Sequoia and Andreessen Horowitz Consider Investment

August 13th, according to The Information, Sequoia Capital and asset management giant Wellington are in advanced talks to invest in the prediction market platform Kalshi, with the deal valuing the company at around $40 billion. Wellington is set to become a new investor in Kalshi, with the institution having previously invested in companies nearing the IPO stage; the specific terms of the deal have not been finalized yet.