Kalshi Raises $1 Billion as Institutional Trading Surges
Prediction market platform Kalshi is raising $1 billion in a Series F round led by Coatue, doubling its valuation from five months ago. The funding round reflects a surge in institutional trading volume on the platform, as Wall Street increasingly embraces prediction markets for hedging and speculation. Kalshi allows users to trade on the outcomes of real-world events, such as elections and economic indicators. The company's rapid growth signals a broader shift in financial markets toward alternative trading venues.
Key facts
- Kalshi is raising $1 billion in a Series F round.
- The round is led by Coatue.
- The valuation has doubled from five months ago.
- Institutional trading volume on Kalshi is surging.
- Kalshi is a prediction market platform.
- Users trade on outcomes of real-world events.
- The funding reflects Wall Street's growing interest in prediction markets.
- The round signals a shift toward alternative trading venues.
Entities
Institutions
- Kalshi
- Coatue
Sources
- Quartz —