Kalshi raised $1 billion with a valuation of $22 billion.

In six months, the company doubled its valuation—from $11 billion in November 2025. The Series F funding round was led by Coatue, a major American investment firm with $70 billion in assets under management. They have previously invested in Revolut, OpenSea, and StarkNet. Other participants in the new funding round included Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest. Kalshi claims to capture 90% of activity in the U.S. prediction market. Over six months, the annual trading volume more than tripled from $52 billion to $178 billion. However, according to DefiLlama, the total trading volume on the platform is only $31 billion.