The Information · Yueqi Yang ·
Kalshi's annualized revenue topped $4B in July, up from $2B+ two months earlier, and its operating expenses totaled $300M in June
World Cup wagers helped double Kalshi's revenue to a more than $4 billion annualized rate in July, from a pace of over $2 billion two months earlier, a person familiar with the matter said.
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The Information: Kalshi is in advanced talks to raise $750M+ co-led by Sequoia Capital and Wellington Management at a $40B valuation; Kalshi was valued at $22B in May