According to CoinMeta, the prediction market platform Kalshi is in advanced negotiations, planning to raise approximately $1 billion with a valuation of $40 billion. Existing investors Sequoia Capital and Wellington Management are leading the discussions for this financing, which may also include Tiger Global Management and the Dragoneer investment group. Previously, Kalshi completed a $1 billion Series F financing in May, with a valuation of $22 billion, doubling from December last year.