Kalshi has raised greater than $1 billion at a $22 billion valuation in a brand new financing spherical led by Coatue Administration, the Wall Road Journal reported.
The deal roughly doubles the corporate’s valuation from its $11 billion December increase and exhibits traders are nonetheless keen to pay up for publicity to the prediction market increase.
The timing issues as a result of prediction markets are not a distinct segment facet guess in crypto and fintech. Information cited by Artemis exhibits the sector processed roughly $27 billion in January 2026 and $23.4 billion in February. FalconX, citing Artemis information, mentioned prediction market quantity climbed almost fourfold to about $64 billion in 2025, with exercise accelerating sharply into early 2026.
Kalshi is rising as one of many largest winners in that commerce. The Wall Road Journal reported in December that the corporate’s buying and selling volumes had already moved above $1 billion per week across the time of its $11 billion spherical.
The fundraising additionally lands as rivals and adjoining platforms race to seize the identical class. Crypto change MEXC launched a zero-fee prediction market this week, pitching occasion contracts as a brand new buying and selling vertical for its customers. That follows a broader shift in crypto, the place exchanges more and more need prediction merchandise alongside spot, futures, and choices moderately than leaving the class to standalone platforms.
Polymarket stays the opposite main identify within the house. Earlier reporting from October mentioned the corporate was exploring a funding spherical at a valuation of $12 billion to $15 billion, after ICE, the dad or mum of the New York Inventory Trade, agreed to take a position as much as $2 billion at an implied valuation of about $8 billion.
Extra just lately, the Wall Road Journal reported that Polymarket, like Kalshi, was exploring fundraising at roughly a $20 billion valuation. Meaning Kalshi’s new $22 billion valuation would nonetheless put it modestly forward of Polymarket’s newest reported goal, not less than on paper.
