Kalshi reportedly seeks funding at $65B valuation

Kalshi is reportedly discussing a new funding round that would value the prediction-market company at $65 billion, weeks after completing a round that valued it at $40 billion. The company is seeking to expand beyond event contracts, including by developing a platform for trading compute futures—contracts tied to the future cost of computing resources such as cloud and GPU capacity. The potential fundraising comes as financial firms pursue a market for compute-related derivatives, though regulatory review and concerns about price manipulation remain obstacles.