Kalshi, the US-regulated event futures platform, secured a $22B valuation in a new funding round led by venture firm Coatue, cementing it as one of the most valuable fintech startups. The platform provides retail and institutional traders with contracts tied to predictive events—elections, economic indicators, product launches.
The mega-valuation reflects institutional appetite for prediction markets as AI-driven data sources and alternative risk hedges. Kalshi's regulatory clarity as a US-domiciled exchange sets it apart in a crowded prediction-market space, attracting flows from traders building algorithmic models on real-time sentiment and outcome odds.