Sources: Kalshi is in talks to raise a funding round at a ~$40B valuation that may close as soon as Q3; Kalshi raised $1B at a $22B valuation in May (Financial Times)

Financial Times: Sources: Kalshi is in talks to raise a funding round at a ~$40B valuation that may close as soon as Q3; Kalshi raised $1B at a $22B valuation in May — Rapidly growing company is increasingly challenging established derivatives and betting rivals — Kalshi is in talks to raise funds …