Kalshi Raises $1B+, Valuation Doubles to $22B

Kalshi, the New York-based prediction market platform, has secured more than $1 billion in a new funding round led by Coatue Management, doubling its valuation to $22 billion in just a few months. The financing, reported on March 19, 2026, underscores surging investor interest in the company's rapid expansion, even as it grapples with mounting legal challenges from state regulators across the United States.

The latest round builds on Kalshi's previous $1 billion raise in December 2025, which valued the company at $11 billion and was led by Paradigm with participation from investors including Sequoia Capital, Andreessen Horowitz, ARK Invest, and Alphabet's CapitalG. Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi operates as the first federally regulated prediction market exchange in the U.S., overseen by the Commodity Futures Trading Commission. The platform allows users to trade contracts on a wide range of real-world events, from election results and oil prices to speculative outcomes like the confirmation of extraterrestrial life. Its customer base spans retail traders, institutional market makers, and businesses seeking to hedge against specific risks.