Kalshi Secures $22 Billion Valuation in Coatue-Led Round

Kalshi Inc. has completed a funding round that values the prediction markets platform at $22 billion, roughly doubling the previous valuation it secured five months ago.

The New York-based firm raised $1 billion in a Series-F round led by Coatue Management, according to a blog post on Thursday that confirmed an earlier report from Bloomberg News. Other investors who participated included Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley and ARK Invest.