Kalshi has secured $1 billion in fresh funding, doubling its valuation to $22 billion in a round led by Coatue. The U.S.-based prediction market platform reported strong growth in institutional trading amid broader interest in event contracts.
The Series F round, confirmed in a Thursday press release, includes participation from Sequoia Capital, Andreessen Horowitz, Paradigm, IVP, Morgan Stanley and ARK Invest. It validates an earlier Bloomberg report from March on the investment and valuation terms.