Kalshi Secures $1 Billion in Funding, Led by Coatue Management

Odaily reported that prediction market platform Kalshi announced the completion of a new $1 billion funding round, led by Coatue Management, which pushed the company's valuation to $22 billion. Kalshi is a prediction market platform that allows users to trade on the outcomes of events including sports, politics, and weather. Since the 2024 U.S. presidential election, the platform has seen significant user growth, gradually stepping into the mainstream financial market spotlight.

Data shows that Kalshi has approximately 2 million monthly active users, with an annualized trading volume of $178 billion. Trading volume has more than tripled over the past six months, and annualized revenue exceeds $1.5 billion.

This funding round is also the third that Kalshi has completed in the past seven months, with each round nearly doubling its valuation. This reflects the continued heating up of the prediction market sector among institutional capital, while also being accompanied by regulatory litigation and controversy over "insider trading." (New York Times)