Kalshi Raises $1 Billion at $22 Billion Valuation in Round Led by Coatue

Prediction market Kalshi is raising $1 billion at a $22 billion valuation in a new funding round led by investment firm Coatue Management, according to a person familiar with the matter.

The round would double Kalshi’s valuation from last December, when it raised $1 billion at a $11 billion ...