Kalshi Hits $22B Valuation After $1B Raise Amid Prediction Market Surge
Prediction market Kalshi reaches a $22 billion valuation following a $1 billion Series F funding round.Summary
Kalshi, a federally regulated prediction marketplace, has seen its valuation double to $22 billion after securing $1 billion in Series F funding led by Coatue Management, with support from Andreessen Horowitz, Sequoia Capital, Morgan Stanley, and Ark Invest. The company reports an annualized revenue run rate exceeding $1.5 billion, positioning itself as a dominant player alongside Polymarket in a sector seeing rapid retail and institutional adoption.
While the company expands its crypto ambitions under new leadership, it faces significant regulatory challenges. Kalshi is currently involved in at least 19 federal lawsuits regarding whether its event contracts violate state gambling laws in various U.S. states. Additionally, the company has hired former Obama staffer Stephanie Cutter as a policy adviser to navigate increasing political scrutiny and oversight from Washington lawmakers.
(Source：Cointelegraph)