It was reported that the projected market platform, Kalshi, was negotiating a new round of financing with Redwood Capital and Wellington Management, at least $750 million in size, with a potential estimate of $40 billion. This means that after the last round of financing was completed in May, the company was valued or further increased in months.

The valuation is significantly higher than the May round.

The Information cites sources that this round of financing is still under way and may eventually raise more than $750 million. If the deal is made, Redwood will continue to increase its shareholding and Wellington may invest for the first time in Kalshi.

In May this year, Kalshi had a $220 billion valuation of $1 billion. Its valuation was nearly double that of the previous round, based on the latest negotiating calibre.

  • Size of current round: at least $750 million
  • Valuation under discussion: approximately $40 billion
  • Last round of financing: May 2026

Income growth comes mainly from sports contracts.

According to reports, Kalshi ' s current annualized income is about $4 billion, mainly driven by sports-related contracts. 2026 The associated bets for the World Cup are considered to be one of the important sources of recent income growth.

By disclosure, the sports contract contributed more than 80 per cent of Kalshi's trade. Redwood also recently indicated that Kalshi currently accounts for 95 per cent of projected market revenues in the United States.

By contrast, Polymarket ' s income over the same period was approximately $1.1 billion. It was mentioned that Polymarket had previously sought financing and that the target valuation had reported $20 billion.

The company's getting ready to go on the market.

For Wellington, it would be its first investment, Kalshi. Wellington ' s long-standing involvement in private investment near the listing stage has also drawn the market ' s attention to the subsequent capital operation arrangements in Kalshi.

Kalshi CEO Tarek Mansour had previously indicated in June that the company was considering launching IPO in 2027. Also, on Wednesday, Kalshi disclosed that Jeff Bandman, a lawyer who had helped the company obtain a licence from the United States Commodity Futures Trading Commission in 2020, had returned to and served as Chief Executive Officer of Kalshi Prime, which was responsible for the department dealing with futures customers of the Guarantee Fund.

By the time the report was published, neither Redwood nor Wellington nor Kalshi had responded immediately to the request for comment.