Kalshi raises an additional $1 billion in funding, with valuation soaring to $22 billion

robot
Abstract generation in progress

BlockBeats message, May 7. Prediction market platform Kalshi announced the completion of a new $1 billion funding round, led by Coatue Management, with a post-money valuation of $22 billion. This is the company’s third funding round in the past 7 months, and after each round, its valuation has roughly doubled. Currently, Kalshi has about 2 million monthly active users, with annualized trading volume already reaching $178 billion and annualized revenue exceeding $1.5 billion.

Kalshi is turning its attention to large financial institutions, hoping to make them its main growth engine in the future. Despite facing multiple lawsuits from U.S. state regulators, prediction markets have rapidly gone mainstream after the 2024 election.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin