Prediction Market Leader Kalshi Raises $1 Billion, Valuation Hits $22 Billion

Kalshi's Major Fundraising

On May 7, Kalshi, the largest prediction market in the U.S., announced it had raised $1 billion (approximately 157 billion yen) in its Series F round. The company's valuation reached $22 billion, with the technology-focused U.S. hedge fund Coatue serving as the lead investor.

The round saw participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest. According to Kalshi, over the past six months, trading on its platform has...