NEW YORK--(BUSINESS WIRE)--Prediction market Kalshi today announced a $1 billion Series F round at a $22 billion valuation, led by Coatue, with participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest.<\/p>
\nThis raise comes amid the start of institutional demand. Over the past six months, institutional trading volume has increased 800%.<\/p>
\nKalshi has emerged as the clear leader in the category, with over 90% of U.S. prediction market activity, as well as the majority of global volume. Over the past six months, annualized trading volume has more than tripled, growing from $52 billion to $178 billion.<\/p>
\nThis growth reflects a broader shift: prediction markets are moving beyond early adoption. Institutions are increasingly turning to event contracts to hedge real-world risk and access continuous, market-based signals on future outcomes.<\/p>
\nKalshi will use the new capital to scale adoption across hedge funds, asset managers, proprietary trading firms, and insurance companies - unlocking access to trillions of dollars in capital. The company will continue expanding its product suite, including recently-launched block trading capabilities, upcoming risk products, and deeper broker integrations tailored to institutional demand.<\/p>
\n\u201cKalshi is building the leading platform for trading in real-world events,\u201d said Philippe Laffont, Founder of Coatue. \u201cConsumers have already embraced it, and we believe institutions will follow.\u201d<\/p>
\n\u201cThere are few categories in recent history that have scaled this quickly outside of AI,\u201d said Tarek Mansour, co-founder and CEO of Kalshi. \u201cEvent contracts could become a trillion-dollar market, and we\u2019re still in the early stages of that transition.\u201d<\/p>
\nAbout Kalshi<\/b><\/p>
\nFounded in 2018, Kalshi is the largest prediction market in the world, offering financial markets on the outcome of real world events such as award shows and more. Kalshi is the industry leader and pioneer, widely credited with legalizing prediction markets and building a safe, legal, regulated platform for millions of traders in America. To learn more, visit www.kalshi.com<\/a>.<\/p>