Kalshi Valued at $22B After $1B Funding, Targets Institutional Traders
Kalshi raised $1 billion at a $22 billion valuation led by Coatue, signaling strong investor interest in prediction markets as the platform expands beyond retail users toward institutional traders, with about 2 million monthly users, roughly $178 billion in annualized trading volume and over $1.5 billion in annualized revenue; the company plans more data integrations and block trades for corporates and hedge funds, while regulators and competitors pose ongoing challenges.
