Kalshi valuation doubles to $22B after $1B funding round

Backing from Wall Street and Silicon Valley firms signals growing investor interest in regulated event trading despite mounting legal scrutiny.

Prediction marketplace Kalshi reached a $22 billion valuation after closing a $1 billion Series F funding round, underscoring venture capital interest in regulated event trading.

The new valuation doubles Kalshi’s valuation from just five months ago. The funding round was led by Coatue Management, with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest.

The raise comes as investors increasingly view prediction markets as one of the fastest-growing segments of digital finance. Andreessen Horowitz’s crypto unit, a16z crypto, recently raised $2.2 billion for its latest fund and identified prediction markets as a major investment theme.

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