Kalshi Valuation Doubles to $22 Billion

Kalshi, a prediction market platform, has achieved a significant milestone by securing $1 billion in its Series F funding round, catapulting its valuation to $22 billion. This represents a remarkable doubling from its previous valuation of $11 billion just five months prior. The substantial capital infusion is earmarked for scaling adoption and expanding the platform's reach. The surge in valuation underscores increasing institutional demand and confidence in Kalshi's innovative approach to financial markets, positioning it for further growth and market penetration in the fintech sector.