New updates have been reported about kalshi.
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Kalshi has raised a $1 billion Series F round that values the prediction market operator at $22 billion, doubling its $11 billion valuation from a $1 billion Series E just five months earlier. The latest financing, led by Coatue with participation from Sequoia, Andreessen Horowitz, and Paradigm, cements Kalshi as one of the most highly valued players in the prediction markets space.
The company told Bloomberg that its platform is now generating more than $1.5 billion in annualized revenue, indicating rapid monetization and growing trading volumes. In a blog post, Kalshi reported that institutional trading activity on its markets has risen 800% over the past six months and that it now accounts for roughly 90% of U.S. prediction market activity, positioning it well ahead of rival Polymarket, which is still working through lingering restrictions on its U.S. operations following a 2022 ban.