Kalshi Secures $1 Billion Funding Led by Coatue Management

Prediction market platform Kalshi has announced the completion of a new $1 billion funding round, led by Coatue Management, according to Foresight News. The company's valuation has surged to $22 billion, marking its third funding round in seven months. Other investors include Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest. Kalshi plans to use the funds to expand its services for enterprise users, including offering more data integration and facilitating larger transactions for trading companies. Data indicates that Kalshi has approximately 2 million monthly active users, with an annualized trading volume reaching $178 billion, having tripled over the past six months. The platform's annualized revenue has exceeded $1.5 billion.