Prediction Market Startup Kalshi announced on Thursday A $1 billion Series F round, valuing the company at $22 billion. he is Valuation doubled to $11 billion Kalshi was arrested just five months ago after raising a $1 billion Series E. This latest round was led by Coatue, with the participation of Sequoia, Andreessen Horowitz, and Paradigm.
Startup told Bloomberg Its annual revenue exceeds $1.5 billion.
Along with rival Polymarket, Kalshi sparked a boom in prediction markets, where consumers bet on everything from what stars are wearing to the Met Gala to which sports team will win the next game.
In a blog post, Kalshi said institutional trading on the platform has grown 800% in the past six months and it hosts 90% of prediction market activity in the US (PolyMarkets) Working to lift remaining restrictions Its US operations will be hit by a ban imposed in 2022.)
