Prediction market platform Kalshi has secured $1 billion in new funding led by Coatue Management, boosting its valuation to $22 billion-double the $11 billion it was valued at just months prior. The round follows a series of rapid fundraising milestones, including a $185 million Series C in June 2025 and a $300 million infusion in October, both backed by top-tier investors like Sequoia Capital, Andreessen Horowitz, and Paradigm.
The company, launched in June 2021, overcame a major regulatory hurdle when the Commodities and Futures Trading Commission (CFTC) dropped its appeal in May 2025, clearing the way for election-related contracts. This milestone paved the way for aggressive global expansion into more than 140 countries.
Kalshi now stands as a leading force in the prediction markets sector, with its primary competitor Polymarket recently reaching a $9 billion valuation after a $2 billion investment from Intercontinental Exchange.