Prediction market startup Kalshi announced on Thursday a $1 billion Series F round, valuing the company at $22 billion. That’s double the $11 billion valuation Kalshi nabbed just five months ago after raising a $1 billion Series E. This latest round was led by Coatue, with participation from Sequoia, Andreessen Horowitz, and Paradigm.
The startup told Bloomberg that its annualized revenue exceeds $1.5 billion.
Originally reported by TechCrunch
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Production-version patches are coming online and should be installed pronto.