Kalshi has had its valuation increased to US$22 billion after its latest funding round, which raised more than US$1 billion.
The Wall Street Journal was the first to report on the news, saying that the latest funding round was led by investment management firm Coatue Management, according to sources, which raised more than US$1 billion, doubling Kalshi’s previous valuation of US$11 billion.
Kalshi’s valuation has shot up in recent months. Prior to that, it had raised US$300 million in a Series D funding round in October, bringing its valuation up to US$5 billion.
Around the same time, rival operator Polymarket received a US$2 billion investment from the New York Stock Exchange owner, Intercontinental Exchange, raising its value to US$8 billion.
