Kalshi Fields Investor Offers at More Than $10 Billion Valuation

Prediction market Kalshi is receiving funding offers from venture capital investors that would value the startup at more than $10 billion, according to people familiar with the matter — interest that comes just weeks after Kalshi announced a $300 million funding round at a $5 billion valuation.

Investors have been eager to back the fast-growing startup, and have discussed funding the company at valuations ranging from $10 billion to $12 billion or higher, according to the people, who asked not to be identified discussing private information.

Earlier this month, Kalshi announced a funding round co-led by Andreessen Horowitz and Sequoia Capital. And in ...