POPA ReconKalshi Raises $1B at a $22B Valuation
Kalshi Raises $1B at a $22B Valuation Prediction market platform Kalshi closed a $1B Series F at a $22B valuation, led by Coatue with participation from Sequoia, a16z, Paradigm, IVP, Morgan Stanley, and ARK Invest. Institutional trading volume jumped 800% in 6 months, and annualised trading volume more than tripled from $52B to $178B. Kalshi now controls 90%+ of US prediction market activity and the majority of global volume. Tarek Mansour, Kalshi co-founder & CEO There are few categories in recent history that have scaled this quickly outside of AI. Event contracts could become a trillion-…
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