TheBlock
Kalshi closed a $1 billion Series F at a $22 billion valuation, its third funding round in seven months, with Coatue leading and Sequoia, Andreessen Horowitz, Paradigm, Morgan Stanley, and ARK Invest all participating. The raise comes as the platform's institutional trading volume surged 800% over the past six months, with annualized trading volume more than tripling from $52 billion to $178 billion.
The capital will go toward expanding Kalshi's institutional footprint — block trading capabilities, new risk-management products, and deeper brokerage integrations targeting hedge funds, asset managers, prop trading firms, and insurers. Kalshi currently accounts for more than 90% of U.S. prediction market activity.
CEO Tarek Mansour framed the ambition plainly: event contracts could become a trillion-dollar market, and the platform is still in early innings. Coatue founder Philippe…
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