Overview
- Kalshi, which raised $1 billion on Thursday, said the round values the prediction-market operator at $22 billion with Coatue leading.
- Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest joined the Series F investment.
- The company reported 2 million monthly users, roughly 90% of U.S. prediction-market activity, and annualized trading volume up to $178 billion from $52 billion in six months.
- Kalshi plans to build products for hedge funds, trading firms, and insurers, including block trading, broker connectivity, and risk tools tailored to large clients.
- State regulators in Nevada, Illinois, and New Jersey have challenged some markets, while Kalshi cites federal oversight by the CFTC as the sector expands and rivals like Polymarket draw fresh funding and bullish forecasts for $1 trillion in volume by 2030.