Quiet hour — Kalshi $22B raise remains the lead story

Kalshi funding remains the focus

Kalshi’s latest funding round remained the leading story in the overnight update as of Oct 11, 2026, at 12:54 AM ET. No new headline had emerged to displace it.

According to Cointelegraph, Kalshi closed a $1B raise led by Coatue Management. The transaction valued the prediction-market platform at $22B.

Valuation doubles from December

The $22B valuation is roughly double the $11B valuation attached to Kalshi’s December round, according to Cointelegraph. That comparison is the central measure of change in the available reporting.

The source’s full article was unavailable. The supplied summary confirms the funding amount, lead investor and valuation, but provides no further details about the transaction or how Kalshi intends to use the capital.

What it means for prediction markets

• Funding is the confirmed development: The available report establishes a $1B raise led by Coatue Management at a $22B valuation.
• The valuation comparison is substantial but specific: The increase from December’s $11B valuation concerns Kalshi’s financing; the summary supplies no trading-volume or liquidity figures.
• There is no separate overnight catalyst: As of the update, the funding round remained the latest confirmed move rather than a newly reported development.