Kalshi doubles valuation in 5 months, hitting $22B
Source: TechCrunch
Funding Round
Prediction market startup Kalshi announced a $1 billion Series F round, valuing the company at $22 billion – double the $11 billion valuation it secured just five months earlier after a $1 billion Series E round. The latest round was led by Coatue, with participation from Sequoia, Andreessen Horowitz, and Paradigm.
- Announcement: Kalshi raises $1 B, $22 B valuation – institutional demand surges
- Prior valuation reference: TechCrunch – Kalshi raises $1 B at $11 B valuation
- Bloomberg coverage: Kalshi secures $22 B valuation in Coatue‑led round
Revenue
Kalshi told Bloomberg that its annualized revenue exceeds $1.5 billion.
Market Landscape
Kalshi, alongside rival Polymarket, has helped drive a boom in prediction markets where consumers bet on a wide range of events—from fashion choices at the Met Gala to outcomes of sports games.
- Polymarket’s regulatory update: Polymarket seeks CFTC approval to reopen main exchange to U.S. traders
Institutional Trading
In a recent blog post, Kalshi reported that institutional trading on the platform has increased 800 % over the past six months and that it now hosts 90 % of prediction‑market activity in the United States.
- Blog post reference: (link provided in original announcement)