Kalshi confirms $1 billion raise at $22 billion valuation amid prediction market boom
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Kalshi has confirmed a $1 billion investment round led by Coatue, valuing the company at $22 billion. The rise of prediction markets, such as Kalshi and Polymarket, is becoming significant on Wall Street as trading and hedging tools. Kalshi's institutional trading volume increased by 800% over six months, with annualized trading activity tripling to $178 billion during the same period.
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