Kalshi Seeks $65 Billion Valuation as Compute Futures Plans…
By Abdelaziz Fathi
AI summary of the source article
Kalshi is in talks to raise capital at a $65 billion valuation to build a compute futures trading platform. The proposed derivatives marketplace would cover cloud infrastructure and GPU capacity, competing directly with CME Group and ICE.
Why it matters
Compute futures could create a new source of trading and clearing revenue for exchanges.
Key facts
- Kalshi is discussing a new funding round at a $65 billion valuation to develop a compute futures marketplace.
- The discussions follow a $1 billion Series G round on October 29 that valued Kalshi at $40 billion post-money.
- The CFTC has delayed regulatory approval of GPU rental-price futures amid concerns over benchmark reliability and market manipulation.
Source excerpt · FinanceFeeds
Kalshi is in discussions to raise fresh capital at a $65 billion valuation to develop a compute futures trading platform, potentially increasing its valuation by 62.5% just two weeks after completing a $1 billion financing round.A person familiar with the matter told Reuters on November 12 that the proposed funding would support a new marketplace for derivatives tied to computing resources, includ…