Kalshi reportedly hits $22bn valuation after $1bn raise

March 23, 2026

Kalshi, a WealthTech platform that offers a prediction market for investors to trade on outcomes in real-world events, has reportedly raised around $1bn, according to a report from WSJ.

The close of the investment round brings the company’s valuation to $22bn, which WSJ sites with sources familiar to the matter. The deal was led by Coatue Management.

Kalshi, founded in 2018, transformed prediction markets into a recognised asset class. Users can trade on real-world outcomes, such as sports games or elections.

The company closed its Series E funding round in December 2025, raising $1bn. The investment was led by Paradigm, with contributions also coming from Sequoia, Andreessen Horowitz, Meritech Capital, IVP, ARK Invest, Anthos Capital, CapitalG, and Y Combinator.

Following the close of the round, the company had been valued at $11bn.

Its plans for the funding was to support the adoption of its next 100 million customers, expand brokerage integrations, form partnerships and widen its product range.