Kalshi valued at $22 billion in latest funding round

Prediction market platform Kalshi said on Thursday it had raised $1 billion in its latest funding round that valued the company at $22 billion, as ‌institutional investors increasingly ⁠adopt ⁠event-based trading contracts.

The round was led by Coatue, with participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest.

Venture capital firms have poured money into late-stage startups, helping these companies remain private ​for longer and avoid the public ⁠market fluctuations ‌seen last year and in ​early 2026.