Shenchao TechFlow reported on June 25 that, according to the Financial Times, the prediction market platform Kalshi is in talks for a new round of financing, with a valuation of approximately $40 billion, and may be completed as early as the third quarter of this year. Kalshi just completed a $1 billion financing round last month at a $22 billion valuation, with investors including Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley.

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