Kalshi, an exchange platform that lets users trade based on their predictions for economic or cultural events, announced a $1 billion funding raise, bringing its valuation to $22 billion. The prediction market has recorded a significant increase — 800 percent — in institutional trading volume over the past six months.
The company has also seen triple growth in annualized trading volume over this period, growing from $52 billion to $178 billion. Its capital raise coincides with a pivotal market shift to trading across real-world outcomes alongside traditional finance markets.
“There are few categories in recent history that have scaled this quickly outside of AI,” Tarek Mansour, Kalshi’s co-founder and CEO, said in a statement. “Event contracts could become a trillion-dollar market, and we’re still in the early stages of that transition.”
Coatue led this latest funding round, enabling Kalshi to scale platform adoption across hedge funds, asset managers, proprietary trading firms and insurance companies. It will also invest in expanding its product suite with block trading capabilities, risk products and enhanced broker integrations.
