Kalshi confirms $1 billion raise at $22 billion valuation amid prediction market boom
Institutional trading volume surged 800% over the past six months on the platform, while annualized trading activity reached $178 billion despite growing regulatory scrutiny....
Key takeaways
- 1Kalshi raised $1 billion at $22 billion valuation led by Coatue, with backing from Sequoia, a16z, and Morgan Stanley.
- 2Institutional trading volume surged 800% in six months; annualized trading activity reached $178 billion.
- 3Multiple U.S. states issued cease-and-desist orders against Kalshi, arguing contracts resemble unlicensed sports betting.
Coins in this story
Why it matters
Prediction markets are becoming mainstream Wall Street hedging tools, but regulatory battles in India and globally could restrict retail crypto trading access. This $22 billion valuation shows institutional crypto adoption is accelerating despite regulatory pushback.
Explore how RWA is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Bitwise enters tokenization in takeover of Superstate’s $267 million 'carry fund'
Bitwise assumes management of Superstate's $267 million USCC crypto carry fund June 1, marking the asset manager's first tokenized fund venture. The fund targets qualified investors seeking profits from spot-futures price spreads using blockchain infrastructure. The move reflects growing institutional adoption of tokenized assets, now exceeding $30 billion globally, as traditional and crypto-native firms modernize capital markets operations.
