Kalshi raised $1B at a $22B valuation

Kalshi raised $1B at a $22B valuation in a financing round that included investors led by Coatue Management, according to The Wall Street Journal, as cited in the supplied report summary.

The valuation is twice the $11B level attached to December’s Paradigm-led financing. The latest round places Coatue Management at the head of the investor group identified in the summary.

A valuation jump, with a timing caveat

The summary describes the doubling as occurring in under four months. That chronology is not reconciled with its reference to December’s round and the supplied publication timestamp of Oct 10, 2026 · 11:54 PM ET.

The underlying gamblerss.com page text was unavailable. The supplied material does not specify the financing terms, how Kalshi intends to use the proceeds or operating figures that would explain the higher valuation.

What it means for prediction markets

• A larger fundraising benchmark: The reported $1B raise and $22B valuation mark a substantial increase from Kalshi’s previous $11B valuation.
• Valuation is not trading performance: The financing figures alone do not establish changes in market liquidity, trading activity or forecast accuracy.
• Timing remains unresolved: Readers assessing the speed of Kalshi’s valuation growth should distinguish the reported doubling from the summary’s unreconciled “under four months” timeline.