Kalshi Secures $1 Billion Funding Round Led By Coatue Management To Reach $22 Billion Valuation

Kalshi, the predictions market platform, has raised over $1 billion in its latest funding round, doubling its valuation to $22 billion from $11 billion in December 2025, according to sources. Led by Coatue Management, the financing highlights strong investor interest in the growing prediction market despite increased regulatory scrutiny, including recent criminal charges in Arizona alleging illegal gambling—a claim Kalshi is fighting in federal court. The company’s annual run rate currently sits at $1.5 billion, and it declined to comment publicly on the fundraising.

FOUNDERS: Tarek Mansour & Luana Lopes Lara

INVESTORS: Paradigm, Sequoia Capital, Andreessen Horowitz (a16z), Y Combinator, Soma Capital, Coinbase Ventures, General Catalyst, Spark Capital, CapitalG, Meritech Capital, IVP, ARK Invest, Anthos Capital, Bond Capital, SV Angel, Neo, Multicoin Capital, Mantis VC, Henry Kravis, Charles “Chuck” Schwab, Peng Zhao, and others

AMOUNT: $1,000,000,000+ VALUATION: $22,000,000,000

HQ: New York City, New York

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