Episode Details
Back to Episodes
Kalshi's Prediction Market Boom: $22B Valuation & $1.5B Revenue
Description
Kalshi, a prediction market startup, has skyrocketed in value and revenue, securing a $1 billion Series F round led by Coatue. This brings their valuation to $22 billion, a significant increase from $11 billion just five months ago. Kalshis annualized revenue now exceeds $1.5 billion, with institutional trading surging by 800% over the past six months. The company handles 90% of all U.S. prediction market action, proving the staying power of this innovative wagering method.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/fa9646c97c2df1cb