POPA ReconKalshi Finalizes its $1B Raise, Hits $22B Valuation in New Round
Kalshi Finalizes its $1B Raise, Hits $22B Valuation in New Round Kalshi plans to announce on Thursday that it has raised $1 billion in a new round of funding, led by the investment firm Coatue, that values the start-up at $22 billion. Valuation progression: $2B (Jun 2025) → $5B (Oct 2025) → $11B (Dec 2025) → $22B (Mar 2026). The raise comes amid mounting legal headwinds, Arizona filed 20 criminal counts for allegedly operating an illegal gambling business, and Nevada moved to ban its operations in the state. 👉 nytimes.com/2026/05/07/business/dealbook/kalshi-fundraise-22-billion.html
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