Kalshi closes $1 billion raise at $22 billion valuation as Wall Street piles in

By Vivian Nguyen · Published May 7, 2026 · 1 min read · Source: Crypto Briefing

Kalshi closes $1 billion raise at $22 billion valuation as Wall Street piles in

Kalshi now dominates US prediction market activity with robust growth in institutional trading volume.

Add us on Google by Vivian Nguyen May. 7, 2026

Prediction market platform Kalshi closed a $1 billion funding round at a $22 billion valuation, led by Coatue with backing from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest.

The funding follows a sharp increase in institutional participation, with institutional trading volume rising 800% over the last six months.

Kalshi says it now leads the prediction market sector with more than 90% share of US activity and the most global trading volume. Annualized volume has climbed from $52 billion to $178 billion during that stretch.

The company believes prediction markets are entering the mainstream as institutions adopt event contracts for hedging and forward-looking market signals.

The new funding will support expansion across hedge funds, trading firms, asset managers, and insurance companies, alongside continued investment in block trading infrastructure, risk products, and broker connectivity.

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