Kalshi, a prediction market platform, has raised more than $1 billion in a new funding round that values the company at $22 billion, according to announcements on X (formerly Twitter).
The significant capital injection underscores growing institutional interest in prediction market infrastructure as the sector expands beyond traditional gambling and political forecasting. Kalshi operates in the derivatives space, allowing users to trade contracts based on real-world event outcomes, competing with platforms like Polymarket in a market that has attracted both retail and institutional participants.
The valuation reflects investor confidence in prediction markets as a legitimate financial instrument, particularly following regulatory clarity in certain jurisdictions and increased mainstream attention to event-based derivatives trading.