Kalshi Raises $1B, Prediction Markets Boom

Kalshi, a prediction market platform, secures $1B in Series F funding, valuing it at $22B. Led by Coatue, other investors include Sequoia, Andreessen Horowitz, and more. Kalshis annualized revenue hits $1.5B, serving 2M users, with 90% U.S. market share. Trading volume surges to $178B, tripling in 6 months. CEO Tarek Mansour predicts event contracts could reach $1T soon. Rival Polymarket seeks $400M at $15B valuation, with combined lifetime volume of $150B by March. The sector is projected to reach $240B this year, $1T by 2030. However, competition is fierce amid regulatory challenges, including a Senate ban on senators and staff, lawsuits, and insider trading probes. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f130b5786db8fb70