Kalshi Raises $1 Billion to Double Valuation to $22 Billion: Reports

In brief

• Kalshi has raised $1 billion in a new funding round led by Coatue Management, valuing the prediction market at $22 billion.
• The raise doubles Kalshi’s valuation from its December round, which was led by Paradigm and included Ark Invest, Andreessen Horowitz, and Sequoia.
• Rival Polymarket…