# Kalshi Raises $1B at $22B Valuation in New Funding Round: WSJ

*Author: Jack Inabinet*
*Published: Mar 20, 2026*
*Source: https://www.bankless.com/read/news/kalshi-raising-1b-at-22b-valuation-in-new-funding-round*

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Citing sources familiar with the matter, multiple news outlets have reported that prediction market platform Kalshi is raising its second billion dollar round, this time at a $22B valuation.

### What's the Scoop?
- **Recent Raise:** According to reporting from multiple news outlets, including *Bloomberg* and *The Wall Street Journal*, prediction market Kalshi has [raised](https://x.com/KateClarkTweets/status/2034729118596530471?s=20) raised more than $1B in its latest funding round, which was led by Coatue Management and values the firm at $22B (double the valuation [ascribed](https://www.coindesk.com/business/2025/12/02/kalshi-raises-usd1b-at-usd11b-valuation-as-prediction-market-race-heats-up) by Kalshi's previous $1B raise in December). 
- **Nevada Troubles: **Yesterday, a federal appeals court [denied](https://www.coindesk.com/policy/2026/03/19/appeals-court-clears-way-for-nevada-to-temporarily-ban-prediction-market-kalshi) Kalshi's attempt to block the Nevada Gaming Control Board from issuing a temporary restraining order against its prediction markets in the state. Today, following that decision, a Nevada court sided with the state, [issuing](https://x.com/WALLACHLEGAL/status/2035028820659450121?s=20) an order to prohibit Kalshi from offering event-based contracts on sports, politics, and entertainment to Nevada residents without first obtaining the required licenses.

> Coatue values Kalshi at $22 billion, scoop from [@ychernova](https://twitter.com/ychernova?ref_src=twsrc%5Etfw) [https://t.co/scAXys3Z6L](https://t.co/scAXys3Z6L)— Kate Clark (@KateClarkTweets) [March 19, 2026](https://twitter.com/KateClarkTweets/status/2034729118596530471?ref_src=twsrc%5Etfw)
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