Kalshi is valued at $22 billion after a $1 billion Capital round. The exchange anticipates that Kalshi has just completed its $1 billion Series F funding round, raising its valuation to $22 billion, doubling in just five months. The investment round included participation from Coatue, Andreessen Horowitz, Sequoia Capital, Morgan Stanley, and Ark Invest. Kalshi's annual revenue has exceeded $1.5 billion, while the industry as a whole is projected to have seen over $25 billion in volume last month. Despite this, Kalshi is still facing at least 19 federal lawsuits and pressure from several US states regarding whether the company's event contracts violate gambling laws.