Kalshi increases valuation to $22 billion and raises new $1 billion

Kalshi has raised more than $1 billion in a $22 billion round of new investments led by Coatue Management, the The Wall Street Journal said.

The deal increases the company’s valuation from the $11 billion it raised in December and shows that investors are still willing to pay for exposure to market growth.

Time is of the essence because the prediction markets are no longer a medium bet in crypto and fintech. The information cited by Artemis shows that the sector is scheduled for approximately $27 billion in January 2026 and $23.4 billion in February. FalconX, citing Artemis dataHe said that the amount of the forecast market increased almost four times to about $ 64 billion in 2025, and the activity will continue to increase until the beginning of 2026.

Kalshi is emerging as one of the best in the industry. The Wall Street Journal reported in December that the company’s sales had already moved more than $1 billion a week during a period of around $11 billion.

Earnings also fall as competitors and neighboring platforms rush to acquire the same team. Crypto exchange MEXC launched a zero-prediction market this week, introducing contracts as a new way of trading for users. This follows a major shift in crypto, where exchanges are looking for predictive products based on positions, futures, and options rather than leaving the group to independent platforms.

Polymarket is still another big name in the space. Previous reports from October said the company was looking for $12 billion to $15 billion in capital, after ICE, the parent of the New York Stock Exchange, agreed to invest $2 billion at a price of $8 billion.

Recently, the Wall Street Journal reported that Polymarket, like Kalshi, is looking for an investment of around $20 billion. This means that Kalshi’s new valuation of $22 billion would still be slightly ahead of Polymarket’s recent valuation, at least on paper.