computer-science
Kalshi doubles valuation in 5 months, hitting $22B
Key takeaways
- Prediction market startup Kalshi announced on Thursday a $1 billion Series F round, valuing the company at $22 billion.
- The startup told Bloomberg that its annualized revenue exceeds $1.5 billion.
- Kalshi, alongside rival Polymarket, ushered in the boom in prediction markets where consumers place bets on everything, from what stars are wearing at the Met Gala, to which sports team will win the next game.
Prediction market startup Kalshi announced on Thursday a $1 billion Series F round, valuing the company at $22 billion. That’s double the $11 billion valuation Kalshi nabbed just five months ago after raising a $1 billion Series E. This latest round was led by Coatue, with participation from Sequoia, Andreessen Horowitz, and Paradigm.
The startup told Bloomberg that its annualized revenue exceeds $1.5 billion.
Kalshi, alongside rival Polymarket, ushered in the boom in prediction markets where consumers place bets on everything, from what stars are wearing at the Met Gala, to which sports team will win the next game.
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