Kalshi Valued at $22B After $1B Coatue-Led Round
Kalshi is valued at $22 billion after raising $1 billion in a financing round led by Coatue that closed today.
Kalshi raised $1 billion in a financing round led by Coatue that closed today, establishing a post-money valuation of $22 billion, according to company disclosures.
The company operates a U.S.-regulated exchange that lets customers trade contracts tied to the outcomes of real-world events. Kalshi offers short-duration, event-based contracts that settle based on whether specific outcomes occur.
Products on the platform include contracts tied to economic data releases, weather outcomes and other binary or scalar event results. Trades settle when verifiable external outcomes are determined.
The Commodity Futures Trading Commission regulates Kalshi's exchange and oversees derivatives markets in the United States.
Coatue, a technology-focused investment firm, led the financing. According to company disclosures, the funds add capital to Kalshi's balance sheet.
Kalshi was founded to provide a regulated venue for event trading and operates event-based products rather than traditional stock or options markets.
The $1 billion round makes Kalshi one of the most highly valued private firms offering event-based trading in the United States.
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