Kalshi raises over $1 billion at $22 billion valuation
Prediction market platform Kalshi has raised more than $1 billion in a new funding round. The company valuation reached about $22 billion, nearly doubling since November.
The round was led by Coatue Management. The Wall Street Journal and Bloomberg reported the deal, citing sources. According to them, the funding exceeded $1 billion and became one of the largest in the sector.
Kalshi doubles valuation within months
The new $22 billion valuation marks a sharp increase from $11 billion during the Series E round in November. This growth highlights strong investor interest in prediction markets.According to WSJ, the platform’s annualized revenue has reached about $1.5 billion. Its clients include retail traders, market makers, and companies using contracts to hedge risks.
Rising institutional participation has been a key driver behind demand for the latest round.
Demand for prediction markets grows despite regulatory pressure
The prediction market sector continues to expand rapidly. Kalshi and its competitor Polymarket have also explored fundraising at valuations around $20 billion.Trading volumes are increasing, driven by growing interest in event-based contracts and new segments such as sports-related markets. At the same time, regulators are paying closer attention to the sector.
Key concerns include potential market manipulation and insider trading. Argentina has even blocked Polymarket over concerns about illegal betting.
Kalshi faces legal risks in the United States
Kalshi operates a federally regulated platform in the United States where users trade contracts tied to real-world events. The service supports cryptocurrency deposits but converts them into fiat for trading.In Arizona, authorities have filed criminal charges against the company, claiming it operates an unlicensed gambling business. Kalshi disputes this and argues its products fall under federal regulation by the Commodity Futures Trading Commission.
Additionally, a U.S. court recently denied the company’s emergency request in a Nevada-related case, potentially opening the door for further state-level actions.
It is worth noting that Kalshi is also challenging regulators in Iowa over sports-related prediction contracts.
Latest Crypto News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
