Kalshi valuation doubles to $22 billion

Prediction market startup Kalshi announced a $1 billion Series F funding round, doubling its valuation to $22 billion in just five months. This latest investment, led by Coatue with participation from major venture capital firms, highlights significant growth and investor confidence. Kalshi reported annualized revenue exceeding $1.5 billion and a remarkable 800% increase in institutional trading on its platform over the past six months. The company now dominates 90% of the U.S. prediction market activity, underscoring its leading position in a rapidly expanding sector.