Kalshi: After raising $1 billion in funding, valuation reaches $22 billion, facing 19 federal lawsuits

CryptoWorld News reports that the prediction market platform Kalshi, after completing a $1 billion Series F funding round, has a valuation of $22 billion, despite facing 19 federal lawsuits.
The funding was led by Coatue Management, with participants including Andreessen Horowitz, Sequoia Capital, Morgan Stanley, and Ark Invest, demonstrating confidence from Wall Street and Silicon Valley in regulated prediction markets.
A Kalshi spokesperson stated that the company’s annual revenue has exceeded $1.5 billion.
Last month, Kalshi and Polymarket had a total trading volume of over $25 billion in prediction markets.
Unlike Polymarket, Kalshi is a centralized platform regulated by federal authorities, allowing users to trade on the outcomes of real-world events, including elections, economic data releases, and sporting events.
Despite rapid growth, Kalshi still faces significant regulatory pressure, currently involved in at least 19 federal lawsuits.
Regulators in multiple states believe that some of Kalshi’s contracts resemble unlicensed gambling products.

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