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Crypto

Kalshi seeks funding at $40 billion valuation, expands beyond prediction markets into trading platform

Prediction market exchange Kalshi is in late-stage talks to raise $1 billion, a deal that would value the company at about $40 billion, Reuters reported. Tiger Global and Dragoneer Investment Group are among potential new backers, while Sequoia Capital is discussing leading the round with Wellington Management. The company is expanding beyond prediction markets into a platform for trading multiple assets and is in early talks about an IPO within a few years.

Games & Commerce

Kalshi U.S. visitors surge more than 1,500 percent as sports betting drives growth

U.S. prediction market platform Kalshi’s U.S. website visitors jumped more than 1,500 percent in less than a year, driven by a surge in sports prediction contracts and a sharp rise in trading. Similarweb estimates showed 15.4 million U.S. visits in July, up from under 1 million in August 2025. Dune Analytics data put August notional volume at about $40 billion, while legal disputes grow over whether the products are financial instruments or sports gambling.

Crypto

XRP trading concentrates in specific three-hour window as \'rush hour\' share rises to 23.5 percent

Weekday on-chain trading on the XRP Ledger is increasingly concentrated in a specific time window dubbed a “rush hour,” as a three-hour period when London and New York business hours overlap accounted for 23.5 percent of transactions, up from 14.3 percent a year earlier. Japan’s Evernode, using Dune Analytics, found the peak at 14:00 UTC and said liquidity rose across order books, AMM pools and cross-border payment gateways.