Kalshi confirms $1 billion raise that values the firm at $22 billion amid prediction market boom

Institutional trading volume surged 800% over the past six months on the platform, while annualized trading activity reached $178 billion despite growing regulatory scrutiny.

Prediction market platform Kalshi said it raised $1 billion in fresh funding at a $22 billion valuation, as institutional investors increasingly turn to event contracts for trading and hedging.

The Series F round was led by…