Prediction market startup Kalshi has doubled its valuation to $22 billion in just five months following a $1 billion Series F funding round led by Coatue, with participation from Sequoia, Andreessen Horowitz, and Paradigm. The company reports annualized revenue exceeding $1.5 billion and claims to host 90% of U.S. prediction market activity, with institutional trading up 800% in six months. This rapid growth comes as the prediction market sector, including rival Polymarket, continues to expand despite regulatory challenges.
Background
Prediction markets allow users to bet on the outcome of future events, ranging from entertainment to politics, and have gained popularity as alternative investment platforms. Kalshi is a leading player in this space, competing with platforms like Polymarket.
- Source
- TechCrunch
- Published
- May 8, 2026 at 02:02 AM
- Score
- 6.0 / 10