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Kalshi Raises $1 Billion Funding Round at $22 Billion Valuation

According to the new report, Kalshi’s $1 billion funding round remains the central development, while separate market data highlighted gains in NOT and JTO, TRON account growth, and a reported Kraken acquisition.

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Fact Check
Every specific claim is confirmed by Kalshi's own official press release ('Kalshi Raises $1 Billion at a $22 Billion Valuation as Institutional Adoption Accelerates', May 7, 2026): the $1 billion Series F, Coatue Management as lead investor, $22 billion post-money valuation, ~2 million monthly active users, $178 billion annualized trading volume, and annualized revenue above $1.5 billion. This is independently corroborated by The Block, the New York Times, WSJ, and Reuters. The round was first reported in March 2026 and formally closed/announced on May 7, 2026. There are no conflicting reports on any of the stated figures.
Summary

Kalshi completed a $1 billion funding round led by Coatue Management at a $22 billion valuation. The new input does not add material details beyond the previously reported financing and instead also includes unrelated market updates: NOT rose 28.26%, JTO gained 42.28%, TRON accounts surpassed 380 million, and Kraken reportedly acquired Reap for $600 million.

Terms & Concepts
  • Prediction market: A trading platform where users buy and sell contracts based on the outcome of future events.
  • Series F: A late-stage private funding round in which investors provide capital to a company that has already completed several earlier financing rounds.
  • Event contract: A tradable instrument that pays out based on whether a specified event happens.