Kalshi prediction markets hit $22B valuation in Coatue-led $1B raise

Wall Street Journal reports that Kalshi prediction markets raised more than $1B in a Coatue Management-led round, valuing the firm at about $22B. The new valuation is roughly double Kalshi’s prior $11B after its December round. The deal lands amid a sharp rise in prediction market activity. Artemis data cited in the report shows the sector processed about $27B in January 2026 and $23.4B in February. FalconX similarly cited Artemis figures, saying overall volume neared a ~4x jump to about $64B in 2025 with acceleration into early 2026. Kalshi’s trading had already moved above $1B per week around the time of its earlier raise. Competition is also intensifying. Crypto exchange MEXC launched a zero-fee prediction market to position event contracts as a new trading vertical. Polymarket has also been reported to seek funding around a ~$20B valuation. On paper, Kalshi’s $22B valuation keeps it slightly ahead. For crypto traders, Kalshi prediction markets signals continued institutional appetite for event-contract liquidity. It may bring more attention to the broader “information markets” theme, potentially supporting sentiment around related event-contract trading flows.