PANews June 25 news, according to CoinDesk, prediction market platform Kalshi is seeking a new round of financing at a valuation of about $40 billion, nearly doubling from the previous round's $22 billion valuation, and could be completed as early as the third quarter. If the deal is reached, it will further widen its valuation lead over rival Polymarket. Kalshi's previous funding round attracted well-known institutions including Coatue Management, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley.

In yesterday's news, Kalshi CEO said the prediction market platform is preparing for an IPO, expected to go public after 2027.