CFTC-regulated prediction market platform Kalshi is raising around $1 billion at a $22 billion valuation in a new funding round, according to multiple reports. The new round is led by Coatue Management, per The Wall Street Journal, which was first to report the news on Thursday. March 19.
The deal doubles the valuation from Kalshi's previous round in November, which also raised $1 billion, but at an $11 billion valuation, as The Defiant reported.
A person familiar with the matter told Bloomberg yesterday that Kalshi’s annualized revenue stands at $1.5 billion.
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