Kalshi valued at $22 billion

Prediction market startup Kalshi has secured a $22 billion valuation following a $1 billion funding round led by Coatue.

The platform's value has quadrupled in less than a year as institutional interest in betting on economic and political events surges.

The massive capital injection will be used to expand Kalshi's offerings and improve its real-time forecasting capabilities for major financial data releases.

Despite the growth, recent data shows that prediction markets are not yet consistently outperforming human experts on key economic tests.

The surge in valuation highlights the growing belief among investors that these platforms will become a central part of the global financial ecosystem.