Kalshi completes $1 billion funding round, valued at $22 billion

MaticHoleFiller · 2026-03-27T05:44:39+00:00

Prediction market platform Kalshi raises $1 billion in a new funding round, valuing it at $22 billion. The funding was led by Coatue Management, doubling its valuation compared to last year. Despite a surge in trading volume, Kalshi and Polymarket still face regulatory lawsuits.

MaticHoleFiller

2026-03-27 05:44:39

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According to informed sources, the prediction market platform Kalshi has raised $1 billion in a new round of financing, reaching a post-money valuation of $22 billion, with the round led by investment firm Coatue Management.

This financing has doubled Kalshi’s valuation since December of last year. At that time, the company raised $1 billion at a valuation of $11 billion, led by Paradigm, with participation from firms such as Sequoia Capital and Andreessen Horowitz. The Wall Street Journal was the first to report on this new financing.

The two major prediction market platforms, Kalshi and Polymarket, have both seen a significant surge in trading volume since last year, as more users place bets on sports events, geopolitical events, and market prices through these platforms. However, both platforms are also facing lawsuits from regulators in various states, who claim they provide illegal sports betting services. According to Artemis data, about half of Kalshi’s trading volume comes from sports-related bets.

Additionally, Polymarket signed an agreement on Wednesday to become the official designated prediction market partner of Major League Baseball (MLB). Polymarket has committed to help limit the trading of easily manipulable prediction contracts.

Massive information and precise interpretation can be found in the Sina Finance APP.

Editor: Guo Mingyu

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