Kalshi Raises $1B at $22B Valuation to Expand Institutional Services

Kalshi raised $1 billion in a Series F round at a $22 billion valuation. Coatue led the round, and Kalshi said it will use the capital for block trading tools, broker integrations, and risk products for institutional clients. Kalshi said institutional trading volume jumped 800% over the past six months and annualized trading volume more than tripled to $178 billion, even as several U.S. states challenged some contracts as unlicensed sports betting.

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