Svmuu News: Prediction market platform Kalshi has announced the completion of a new $1 billion funding round, led by Coatue Management, propelling the company’s valuation to $22 billion. Kalshi is a prediction market platform that allows users to trade on the outcomes of events such as sports, politics, and weather. Since the 2024 U.S. presidential election, the platform has seen significant user growth, gradually stepping into the mainstream financial market spotlight.
Data shows that Kalshi has approximately 2 million monthly active users, with an annualized trading volume reaching $178 billion. This volume has more than tripled over the past six months, resulting in an annualized revenue exceeding $1.5 billion.
This funding round is also the third round of financing Kalshi has completed in the past seven months, with the valuation nearly doubling each time. This reflects the continued heating up of the prediction market track among institutional capital, while also accompanied by regulatory lawsuits and controversies over "insider trading." (Source: The New York Times)