Kalshi Reaches $22 Billion Valuation After $1 Billion Funding Round

Prediction market platform Kalshi has reached a $22 billion valuation after securing $1 billion in a Series F funding round led by Coatue. The latest raise marks the company’s third major funding round within the past seven months as interest in event-based trading platforms continues to accelerate.

The funding round attracted several major investment firms, including Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley and ARK Invest. Kalshi said the new capital will support expansion into institutional trading services and infrastructure.

Institutional Trading Volume Surges on Kalshi

Kalshi reported that institutional trading volume increased by 800% during the last six months. The company’s annualized trading volume also climbed sharply from $52 billion to $178 billion during the same period.

According to the company, it currently accounts for more than 90% of prediction market activity in the United States. CEO Tarek Mansour said event contracts could eventually become a trillion-dollar market as adoption expands among institutional investors.

Prediction Market Industry Continues Expanding

Kalshi plans to strengthen services for hedge funds, asset managers and proprietary trading firms through new risk-management tools, block trading features and deeper brokerage integrations. Industry data also showed prediction market trading volume reached $25.7 billion in March, driven largely by sports and crypto-related contracts.