Kalshi hits $22 billion valuation after $1 billion raise led by Coatue
Kalshi reached a $22 billion valuation after a $1 billion Series F funding round led by Coatue.Summary
Prediction market platform Kalshi has achieved a $22 billion valuation following a $1 billion Series F funding round led by Coatue. The round included significant participation from major investors such as Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest.
The company plans to use the new capital to expand its services for institutional clients, including hedge funds, asset managers, and insurance companies. Key initiatives include enhancing block trading capabilities, developing new risk-management products, and deepening integration with brokerages. This expansion follows a massive surge in institutional trading volume, which rose 800% over the last six months.
Kalshi currently accounts for over 90% of U.S. prediction market activity. The broader sector is also seeing rapid growth, with combined lifetime volumes of Kalshi and Polymarket hitting $150 billion last month.
(Source：The Block)