Kalshi Reaches $22 Billion Valuation Amid Increasing Institutional Demand

Kalshi completed a $1 billion Series F funding round that values the prediction market platform at $22 billion, according to a Thursday (May 7) company blog post . The new valuation represents a doubling of the New York-based firm’s $11 billion valuation established five months ago. “Kalshi will use the new capital to scale adoption across hedge funds, asset managers, proprietary trading firms and insurance companies, unlocking access to trillions of dollars in capital,” the post said.