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Prediction market giant Kalshi has secured a massive $1B Series F raise, pushing the company’s valuation to $22B as institutional interest in event contract trading accelerates.
What's the Scoop?
- Monster Raise: Kalshi has raised $1B in fresh capital at a $22B valuation in its latest fundraising round led by Coateu Management, with participation from a slew of reputable including Sequoia Capital, Andreessen Horowitz, Paradigm, Morgan Stanley, and ARK Invest. The Wall Street Journal previously reported on the closure of this Series F round in March, which doubles Kalshi's Series E valuation from December and more than quadruples its Series D valuation disclosed last October.
- Prediction Behemoth: Kalshi says institutional trading volumes have surged 800% over the past six months, while annualized trading volume jumped from $52B to $178B during the same period. Kalshi now claims to process more than 90% of U.S. prediction market activity. In a comment to Bloomberg regarding this most recent raise, Kalshi represented its annualized revenues as having exceeded $1.5B.
- Hot Sector: The Information reported last month that
Polymarket was in talks with investors to raise $400M raise at a $15B valuation as competition between the twin prediction market giants intensifies ahead of a possible U.S. relaunch.
Kalshi raised $1B at a $22B valuation led by Coatue, with participation from Morgan Stanley, Sequoia, a16z, and others.
— Tarek Mansour (@mansourtarek_) May 7, 2026
In 2018, we were two kids who loved math, markets, and debate. And we had a dream: build the next generation financial market, where we capture a broader set… pic.twitter.com/4ERJxYxzHJ
