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Kalshi Valued at $22 Billion After Massive Funding
7 May
Summary
- Kalshi raised $1 billion in Series F funding.
- The company's valuation reached $22 billion.
- Institutional trading on Kalshi increased 800% recently.
Prediction market startup Kalshi has announced a significant $1 billion Series F funding round, catapulting its valuation to $22 billion. This latest funding round was led by Coatue, with substantial contributions from prominent investors like Sequoia, Andreessen Horowitz, and Paradigm.
This substantial investment comes just five months after Kalshi secured $1 billion in a Series E round, which valued the company at $11 billion. The startup reported that its annualized revenue now exceeds $1.5 billion.
Kalshi has experienced immense growth, with institutional trading on its platform increasing by 800% over the last six months. The company stated that it currently hosts 90% of all prediction market activity within the United States. This surge in activity coincides with a broader boom in prediction markets, where users wager on diverse outcomes, from celebrity fashion choices to sports game results.
