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Kalshi confirms $1 billion raise at $22 billion valuation amid prediction market boom
Key takeaways
- Prediction market platform Kalshi said it raised $1 billion in fresh funding at a $22 billion valuation, as institutional investors increasingly turn to event contracts for trading and hedging.
- The Series F round was led by Coatue and included Sequoia Capital, Andreessen Horowitz (a16z), Paradigm, IVP, Morgan Stanley and ARK Invest, according to a Thursday press release.
- The firm said it plans to use the capital to expand institutional services, including block trading tools, broker integrations and new risk products aimed at asset managers and insurance firms.
Prediction market platform Kalshi said it raised $1 billion in fresh funding at a $22 billion valuation, as institutional investors increasingly turn to event contracts for trading and hedging.
The Series F round was led by Coatue and included Sequoia Capital, Andreessen Horowitz (a16z), Paradigm, IVP, Morgan Stanley and ARK Invest, according to a Thursday press release. The news confirmed a Bloomberg report in March about the investment round and valuation.
The firm said it plans to use the capital to expand institutional services, including block trading tools, broker integrations and new risk products aimed at asset managers and insurance firms.
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