Prediction Market Kalshi Boosts Valuation to $22 Billion With Fresh $1 Billion Investment

In brief

• Prediction market platform Kalshi raised $1 billion at a $22 billion valuation in a Series F round led by Coatue.
• The platform said it commands 90% of U.S. prediction market activity with 2 million monthly users.
• Weekly trading volumes hit $3 billion, up from $100 million a year ago.