Kalshi raises $1B+ at $22B valuation

Prediction market platform Kalshi has reportedly secured over $1 billion in an ongoing funding round led by Coatue Management, achieving a valuation of approximately $22 billion. This significant valuation nearly doubles the company's worth since its Series E round in November, which valued it at $11 billion. The substantial investment underscores continued investor confidence in prediction markets, even amidst increasing legal and regulatory challenges. Kalshi operates a federally regulated exchange enabling users to trade contracts based on the outcomes of real-world events.