The post Kalshi Secures $1B Funding Round, Doubling Valuation to $22B Amid Legal Battles appeared on BitcoinEthereumNews.com.

Key Highlights Kalshi secured more than $1 billion in fresh capital from a financing round spearheaded by Coatue Management, bringing its valuation to $22 billion—a doubling from its previous round just months ago. The platform’s annualized revenue has reached $1.5 billion, while February alone saw trading activity surpass $10 billion. Arizona authorities have filed criminal charges against Kalshi, alleging the operation of an unlicensed gambling enterprise. A Nevada appellate court ruling has paved the way for state officials to prohibit Kalshi’s activities within their jurisdiction. The company previously identified and sanctioned users for insider trading violations, including an individual associated with content creator MrBeast. The prediction market operator Kalshi has successfully closed a funding round exceeding $1 billion, elevating the company’s valuation to $22 billion. Investment firm Coatue Management spearheaded the round, as reported by Bloomberg and The Wall Street Journal. Kalshi has raised more than $1 billion at a valuation of $22 billion in a new financing round, according to a person familiar with the situation https://t.co/mPsPwYvK8A — Bloomberg (@business) March 19, 2026 This latest valuation represents a remarkable doubling from December 2025, when the platform secured $1 billion at an $11 billion price tag. That previous financing was anchored by Paradigm and attracted participation from notable investors including Sequoia Capital, Andreessen Horowitz, ARK Invest, and CapitalG, the investment arm of Alphabet. Kalshi was established in 2018 by co-founders Tarek Mansour and Luana Lopes Lara. The platform functions as a federally regulated financial exchange under the supervision of the Commodity Futures Trading Commission, holding the distinction of being America’s first regulated prediction market exchange. The service enables participants to trade contracts based on real-world events—spanning political elections, commodity prices like oil, and even speculative scenarios such as the official confirmation of extraterrestrial life. Its user ecosystem encompasses retail traders,…

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Filed under: News - @ March 20, 2026 10:23 pm