Rumors suggest Kalshi is pursuing a $5 billion valuation Company could use equity as currency for sports betting-related acquisitions Kalshi is believed to have approached a sports-centric rival in recent weeks Last month, reports surfaced that prediction markets Goliath Kalshi is considering a financing round that would value the company at around $5 billion, or more than double the $2 billion it was valued at following a $185 million Series C funding round in June. Some experts believe the derivatives exchange operator could use its surging multiple to become acquisitive in the sports betting realm. A screenshot of events futures trading exchange Kalshi’s website. The company could use equity to pursue acquisitions. (Image: Kalshi) In a new report, Eilers & Krejcik Gaming (EKG) said it expects Kalshi will pursue acquisitions to shore up its sports-wagering capabilities. The research firm lays out a case for the event contract purveyor to pursue back-end, technology-focused deals, perhaps more so than client-facing purchases. Top…Read MoreCategory: Financial, Mergers and Acquisitions, Rumors, Technology, mergers and acquisitions, rumors, sports bettingSource: Casino.org