Kalshi doubles valuation in 5 months, hitting $22 billion
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Prediction market startup Kalshi has raised a $1 billion Series F round led by Coatue, valuing the company at $22 billion — double its $11 billion valuation from just five months ago. The company reports annualized revenue exceeding $1.5 billion and claims to host 90% of U.S. prediction market activity. Institutional trading on the platform has grown 800% in the past six months. Rival Polymarket is still working to restore access for U.S. traders after a 2022 ban.
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