Leading prediction market startup Kalshi announced on Thursday that it has closed a $1 billion Series F funding round. As a result of this financing, the company's market valuation has reached $22 billion. This figure is double the $11 billion valuation recorded just five months ago in the Series E round. This is reported by Techcrunch.com .
This investment round was led by Coatue, with participation from major venture capital firms such as Sequoia, Andreessen Horowitz, and Paradigm. According to Kalshi's leadership in a statement to Bloomberg, the company's annual revenue has exceeded $1.5 billion.
Kalshi, along with its competitor Polymarket, has created a real boom in prediction markets. Through the platform, users can bet on various events, ranging from fashion styles at the Met Gala to the victories of sports teams.
According to the company's blog, institutional trading volume on the platform has grown by 800 percent over the last six months. Currently, Kalshi accounts for 90 percent of prediction market activity in the US. Meanwhile, Polymarket is working on gradually lifting restrictions in the US market following bans introduced in 2022.
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