Cathie Wood's ARK Invest jumps into Kalshi's $1B Series F at $22B valuation
ARK Invest, led by Cathie Wood, participated in Kalshi's $1 billion Series F funding round last week at a $22 billion valuation, placing the prediction market platform behind only SpaceX and one other company in its peer group. Wood called prediction markets emerging 'powerful' financial infrastructure, reinforcing her conviction that these platforms are reshaping markets and information discovery. The investment ties one of the most visible active fund managers to the regulated prediction markets space. The move comes with a noted track record concern: the Ark Innovation ETF has historically struggled with timing its high-profile bets.
Kalshi's $22 billion valuation now ranks it behind only SpaceX in its peer group, giving the regulated prediction market platform the institutional credibility to court pension funds and insurance counterparties that have shied away from newer platforms like Polymarket.