Kalshi Inc. Secures $1 Billion Funding, Valuation Hits $22 Billion
- Kalshi Inc. raised over $1 billion in a funding round led by Coatue Management.
- The new valuation of the prediction market platform is $22 billion, doubling its previous valuation.
- In February, Kalshi’s trading volume surpassed $10 billion, marking a twelvefold increase in six months.
- Kalshi’s annualized revenue currently stands at $1.5 billion.
- The company is regulated by the Commodity Futures Trading Commission (CFTC) and offers contracts on real-world events.
Despite facing regulatory challenges, including accusations of operating an illegal gambling business in Arizona, investor interest remains strong in Kalshi’s platform for predicting outcomes of events like the upcoming U.S. presidential election.
With a trading volume increase to over $10 billion and an annualized revenue of $1.5 billion, Kalshi’s growth underscores the expanding appeal of prediction markets.(Source)
