prediction market platform Kalshi has announced the completion of a $1 billion Series F funding round, bringing the company's Valuation to $22 billion. The Investment round was led by Coatue, with participation from prominent firms including Sequoia Capital, Andreessen Horowitz (a16z), and Morgan Stanley.
Regulated by the U.S. Commodity Futures Trading Commission (CFTC), Kalshi allows users to create peer-to-peer trading contrACTs based on binary "yes or no" questions regarding real-world events. These events span a wide range of categories, including sports, politics, and economic indicators.
The platform has witnessed explosive growth over the past six months. Its annualized trading volume surged from $52 billion to $178 billion, while institutional trading activity skyrocketed by 800%. Kalshi plans to utilize the newly rAIsed capital to expand its services for institutional CLIents, such as hedge funds and asset management companies. Additionally, the funds will support the launch of new features, including block trading and advanced risk management products.
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