Kalshi’s $1B Funding Round Doubles Valuation to $22B as Prediction Markets Gain Institutional Traction

BTCC / BTCC Square / Global Cryptocurrency /

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2026-05-08 10:55:02

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Prediction markets have surged into mainstream finance with Kalshi's landmark $1 billion Series F round led by Coatue Management. The platform's valuation doubled to $22 billion in just five months, now generating over $1.5 billion in annualized revenues. Andreessen Horowitz, Sequoia Capital, Morgan Stanley, and Ark Invest joined the funding, signaling institutional confidence despite 19 pending state lawsuits.

Competition intensifies as Kalshi and Polymarket collectively dominate trading volumes. The raise follows a16z crypto's recent $2.2 billion fund, underscoring prediction markets as a priority sector. Regulatory scrutiny persists, but Wall Street's embrace suggests structural shifts in speculative asset adoption.

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