Kalshi is in advanced talks to raise a Series G round at a $40 billion valuation. The funding follows a significant revenue increase to $4 billion annualized.

Kalshi, a prediction market, is looking to raise a Series G funding round at a $40 billion valuation. This comes as the company's revenue has doubled following World Cup wagers. The revenue is now more than $4 billion annualized, significantly up from $2 billion two months ago. The company's rapid growth has sparked informal discussions regarding an initial public offering.