Kalshi reportedly raising at $1B-$2.2B valuation in new funding round
Kalshi is reportedly raising a new funding round at a valuation between $1 billion and $2.2 billion, according to crypto outlet Wublockchain. A separate LinkedIn post by Marcel van Oost claimed the regulated prediction-market platform raised $1 billion at a $22 billion valuation, though that figure appears to conflate round size with valuation. Neither source identified lead investors, disclosed use of proceeds, or specified whether the round has closed. The reports position Kalshi within a broader trend of prediction-market platforms securing major capital as they expand into regulated sports and event contracts. Kalshi, which is regulated by the CFTC, has been rapidly scaling its election and sports offerings while facing competitive pressure from offshore rival Polymarket and traditional sportsbooks.
A $1 billion-plus raise at this valuation gives Kalshi the war chest to outspend Polymarket on state-by-state sports-betting licenses before the 2026 midterm elections, when both platforms will compete for the same political-event trading volume.