Kalshi Raises $1 Billion in Series F Round, Valuation Doubles to $22 Billion
Prediction market startup Kalshi announced a $1 billion Series F funding round, valuing the company at $22 billion, doubling its valuation in five months. The round was led by Coatue, with participation from Sequoia, Andreessen Horowitz, and Paradigm. Kalshi reported annualized revenue exceeding $1.5 billion and noted an 800% increase in institutional trading on its platform over the past six months.
Topics: Kalshi prediction market Series F startups venture capital