Kalshi Hits $22 Billion Valuation After Massive $1 Billion Series F Funding Round
The $22 billion figure doubles the companys valuation from the previous funding round in December, when it reached $11 billion. will the funds raised to “scale adoption across hedge funds, asset managers, proprietary trading firms, and insurance companies,” aiming to entice these institutions to enter and attract trillions in capital. To this end, the company will expand its trading suite to include products tailored to satisfy institutional demand. Institutional demand has skyrocketed, as total volumes traded by institutions have increased 800%. Also, s annualized volume has reached $178 billion, more than tripling the amount registered in the first 6 months of 2025. The fund injection comes at a pivotal time for the company, which is currently battling several lawsuits across America as state regulators seek to apply local gambling laws to prediction markets. Nonetheless, the Commodity Futures Trading Commission (CFTC) argues it has exclusive oversight over event markets. Tarek Mansour, co-founder and CEO of Kalshi, estimated that the prediction markets still had room for growth, as they have not yet hit mainstream adoption.