Sequoia Capital and asset manager Wellington are in advanced talks to invest in Kalshi, the prediction market platform, at a valuation of around $40 billion, according to The Information. Wellington would enter as a new investor; the firm has previously backed multiple companies nearing their IPO stage. The transaction has not been finalized yet. BlockBeats relayed the story on August 13.
Sequoia Capital and asset manager Wellington are in advanced talks to invest in Kalshi, a prediction market platform, in a deal that could value the company at roughly $40 billion, according to The Information.
Wellington would become a new investor in Kalshi. The firm has previously backed several companies approaching their IPO stage. The relevant transaction has not been finalized.
BlockBeats reported the development on August 13.
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