Kalshi doubles valuation to $22 billion with new $1 billion raise

Kalshi has raised more than $1 billion in a new financing round led by Coatue Management, which doubles the company's valuation to $22 billion, up from $11 billion in its December raise. This significant funding underscores strong investor interest in the rapidly expanding prediction market sector, which saw volume climb nearly fourfold to about $64 billion in 2025, according to FalconX citing Artemis data. Kalshi is a major player, having already surpassed $1 billion in weekly trading volume around its last funding round. The fundraising occurs while competitors like MEXC are entering the prediction market space, and it positions Kalshi slightly ahead of rival Polymarket, which was reportedly exploring fundraising at a valuation near $20 billion.

(Source：Crypto Briefing)