Kalshi raises $1 billion, valued $22 billion, institutional trading soars
Kalshi, the prediction market platform where people trade on real-world events, just scored $1 billion in new funding, pushing its value to a massive $22 billion.
Big names like Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley joined in.
The hype is real: institutional trading on Kalshi has jumped 800% in just six months as more investors get interested in betting on everything from politics to sports.
Kalshi expanding event-based contracts, courting institutions
With this cash boost, Kalshi plans to roll out more event-based contracts and attract even bigger players like hedge funds and insurance companies.
CEO Tarek Mansour called event-driven trading a "rapidly growing sector," saying he's excited to team up with investors who believe in their vision.
Platforms like Kalshi (and rivals such as Polymarket) are making alternative investing way more mainstream for both big institutions.