Kalshi announced it has closed a $1 B funding round led by investment firm Coatue Management, pushing the startup’s valuation to $22 B. Each of its three funding rounds over the past seven months has roughly doubled the company’s value. The December round, for instance, made founders Tarek Mansour and Luana Lopes Lara billionaires.
Kalshi is posting sharp growth across its key metrics. Annual trading volume has reached $178 B, tripling in just six months, while annual revenue has topped $1.5 B. The platform now draws around 2 M monthly users trading contracts tied to politics, sports, weather, and much more.
The fresh capital will go toward expanding Kalshi’s services for institutional clients, including deeper integrations with trading systems and block trading infrastructure. Last week, the company executed its first major over-the-counter trade between institutional investors, while trading volume from this segment has jumped 800% over the past six months.
Kalshi’s main rival, Polymarket, is also moving toward bigger financial players.
Meanwhile, regulatory pressure remains. The broader prediction markets sector has faced reputational issues following several scandals tied to insider information.
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