Breaking news! Prediction market maker Kalshi completes a $1 billion Series F funding round, pushing its valuation past $22 billion; institutional trading volume surges by 800%.

Prediction markets are undergoing a historic turning point, moving from "early adoption" to "Wall Street mainstream".

Kalshi, the first federally regulated prediction market platform in the United States, announced today (7th) that it has successfully completed a $1 billion Series F funding round , bringing the company’s valuation to an astonishing $22 billion .

This funding round was led by renowned technology and hedge fund Coatue, with a lineup of investors that can be described as an "all-star team" of traditional finance and technology venture capital, including Sequoia Capital, Andreessen Horowitz (a16z), IVP, Paradigm, as well as traditional financial giants Morgan Stanley and ARK Invest, run by "Oracle of Omaha" Cathie Wood.

Annualized trading volume surged to $178 billion in magnesium, dominating the US market.

Behind this massive funding round lies Kalshi's astonishingly explosive growth data. The company states that institutional trading volume on its platform has surged by 800% in the past six months, demonstrating that Wall Street funds are pouring into the prediction market at an unprecedented pace.

Currently, Kalshi has become the undisputed leader in this sector, not only accounting for over 90% of the activity in the US prediction market but also controlling the majority of global trading volume. In the past six months, its annualized trading volume has more than tripled, soaring from $52 billion to $178 billion .

Institutional funds are pouring in, and event contracts are becoming a new favorite for hedging.

This growth reflects a broader market paradigm shift: prediction markets are no longer just a tool for retail investors. A growing number of large institutions are turning to "event contracts" to hedge against real-world geopolitical and economic policy risks and to obtain consistent future indicators based on market consensus.

Philippe Laffont, founder of lead investor Coatue, stated:

"Kalshi is building a leading platform for trading real-world events. Consumers have embraced it enthusiastically, and we believe institutional investors will follow suit."

Locking in trillion-dollar potential to expand Wall Street consolidation

Regarding the new $1 billion in funding, Kalshi revealed that it will be used to expand adoption among hedge funds, asset management companies, proprietary trading firms, and insurance companies, further unlocking trillions of dollars in potential capital.

To meet institutional needs, Kalshi will continue to expand its product line, including the recently launched block trading feature, upcoming risk management products, and deeper brokerage integration services.

Kalshi co-founder and CEO Tarek Mansour confidently summarized this as follows:

"In modern history, few fields, apart from artificial intelligence (AI), have expanded so rapidly. Event contracts are very likely to become the next trillion-dollar market, and we are currently in the very early stages of this transformation."

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