Kalshi completes a new round of financing exceeding $1 billion, led by Coatue Management

The prediction market platform Kalshi raised over $1 billion in a new round of financing, bringing the company's valuation to $22 billion. This deal effectively doubled Kalshi's valuation from $11 billion during its last round of financing in December of last year.

According to insiders, this round of financing was led by Coatue Management, and Kalshi currently has an annualized revenue of $1.5 billion.