On August 12, technology media The Information reported, citing informed sources, that prediction market platform Kalshi is seeking to raise funds at a valuation of $40 billion, an 82% increase from its $22 billion valuation during the Series F financing in May. According to sources, benefiting from the World Cup events, Kalshi's annualized revenue surpassed $4 billion in July, doubling from approximately $2 billion two months earlier. The company's operating expenses in June reached $300 million, primarily related to marketing and promotion.