Kalshi’s Valuation Soars to $22 Billion Amid Regulatory Challenges
Prediction market platform Kalshi has secured over $1 billion in a funding round led by Coatue Management, catapulting its valuation to $22 billion—double its December 2025 valuation. The company now boasts $1.5 billion in annualized revenue, with February trading volumes surpassing $10 billion.
Despite its growth, Kalshi faces legal hurdles, including criminal charges in Arizona for alleged illegal gambling and a Ninth Circuit Court ruling allowing Nevada to ban its operations. The platform previously exposed insider trading cases, including one tied to a MrBeast-affiliated editor.