Baillie Gifford and Layer Global add $200 million to Kalshi funding round
Kalshi Inc. raised an additional $200 million from new investors Baillie Gifford and Layer Global, expanding a funding round that had already reached $1 billion, according to Bloomberg. The infusion keeps the company's valuation at $22 billion, per Binance. The two firms are new investors in the regulated prediction market platform. No details on use of proceeds or timing were disclosed. The announcement came on May 20, 2026. The funding builds on a Series F that previously included Coatue Management, ARK Invest, and Bernstein, and that valued Kalshi behind only SpaceX in its peer group. Kalshi has widened its volume lead over Polymarket and recently crossed $150 billion in combined lifetime volume with its rival.
Baillie Gifford's entry signals that Scottish asset managers now view CFTC-regulated event contracts as a deployable asset class. That credibility opens Kalshi to European pension and insurance capital pools that Polymarket's offshore structure cannot legally access.
Brings the running tally of named institutional backers in Kalshi's Series F to at least five — Coatue, ARK Invest, Bernstein, and now Baillie Gifford and Layer Global — as the platform builds the deepest capital base of any regulated U.S. prediction market.