Kalshi doubles valuation in 5 months, hitting $22 billion

Kalshi, a prediction market startup, has raised $1 billion in a Series F round led by Coatue, doubling its valuation to $22 billion in just 5 months. This significant funding round highlights Kalshi's rapid growth and increasing valuation. The investment underscores the potential of prediction markets and the confidence of investors in Kalshi's business model.