Kalshi’s value doubled in 5 months, reaching $22 billion

Forecasting the emerging market is like this Announced on Thursday A $1 billion Series F round, valuing the company at $22 billion. this Double the $11 billion valuation Kalci was arrested just five months ago after raising $1 billion in Series E. This latest round was led by Kuato. With participation from Sequoia, Andreessen Horowitz and the model.

startup He told Bloomberg Its annual revenue exceeds $1.5 billion.

Calci, along with rival Polymarket, has made a splash in prediction markets where consumers bet on everything from what stars will wear to the Met Gala, to which sports team will win the next game.

In a blog post, Kalci said institutional trading on the platform has increased 800% in the past six months and that it hosts 90% of prediction market activity in the US (Polymarket). Work has been done to lift the remaining restrictions on its US operations from the ban in 2022.)