Kalshi completes $1 billion Series-F round at $22 billion valuation
Updated
Updated · Bloomberg · May 7
Kalshi completes $1 billion Series-F round at $22 billion valuation
17 articles · Updated · Bloomberg · May 7
The New York-based prediction markets platform said Coatue led the round, with Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley and ARK Invest participating.
The valuation roughly doubles the level Kalshi achieved five months ago, underscoring strong investor appetite for prediction markets.
Earlier reporting said this was Kalshi's third fundraising round in seven months, as it seeks deeper ties with major financial institutions amid rapid trading and revenue growth.
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How Kalshi's $1 Billion Funding Round at $22B Valuation Signals Prediction Markets' Mainstream Breakthrough
Overview
Kalshi reached a major milestone in May 2026 by securing $1 billion in funding led by Coatue Management, doubling its valuation to $22 billion within five months. This surge was driven by explosive growth, including a 12-fold increase in monthly trading volume to over $10 billion and an annualized revenue run rate of $1.5 billion. Kalshi’s unique CFTC-regulated status enables nationwide operation despite state bans, while its broad event offerings and institutional partnerships fuel user adoption and liquidity. The company is deploying capital to expand products, scale technology, and navigate regulatory challenges, positioning itself strongly amid intensifying competition and a rapidly growing $100 billion prediction market.