Series E · $1BKalshi
The regulated exchange for betting on real-world events
Prediction MarketsRegulated ExchangeCoatue
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Wall Street Meets Vegas — Legally
Prediction markets have existed in academic theory for decades, but Kalshi is the first company to build a fully regulated, CFTC-approved exchange where anyone can trade on the outcomes of real-world events. Will inflation exceed 3%? Will a hurricane hit Florida? Will the Fed raise rates? These aren't hypothetical questions on Kalshi — they're contracts you can buy and sell.
The $1 billion raise, led by Coatue, doubled Kalshi's valuation to $22 billion from its December round at $11 billion. That kind of velocity reflects a fundamental shift: prediction markets are moving from curiosity to critical infrastructure for price discovery and risk management.
Why It's Bigger Than Betting
Kalshi's real ambition isn't to be a gambling platform — it's to become a new asset class. Prediction markets produce some of the most accurate forecasts available for future events, often outperforming polls, models, and expert consensus. Institutional investors are starting to use Kalshi as a hedging tool, and the platform is becoming a real-time barometer of collective intelligence.
About the Kalshi Team
Kalshi is led by co-founder and CEO Tarek Mansour, who built the first fully regulated, CFTC-approved prediction market exchange in the United States. The company allows anyone to trade on the outcomes of real-world events — from inflation rates to weather events to Federal Reserve decisions.
Under Mansour's leadership, Kalshi has grown from a novel concept into what it describes as a new asset class. The platform's $1 billion raise, led by Coatue, doubled the company's valuation to $22 billion from its December round at $11 billion, reflecting rapid institutional adoption of prediction markets as tools for price discovery and risk management.
Kalshi's ambition extends beyond consumer trading. Institutional investors have begun using the platform as a hedging tool, and its prediction markets consistently produce forecasts that outperform traditional polls, models, and expert consensus — positioning Kalshi as a real-time barometer of collective intelligence.
Sources: Public press releases, SEC and state business filings, published interviews, news coverage, and company disclosures.
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