Kalshi Raises $200M in Series F Extension Round
Summary
Kalshi secured an additional $200 million in a Series F extension led by Baillie Gifford and Layer Global, bringing total Series F capital to $1.2 billion while maintaining a $22 billion post-money valuation. The company reported record monthly trading volume of $14 billion in April and annual revenue exceeding $1.5 billion, driven by an 800% increase in institutional participation over six months. Kalshi emphasizes its regulated status under the CFTC as a competitive advantage for institutional investors and has captured over 90% of regulated U.S. prediction market activity. The new funds will accelerate development of institutional products—such as block trading, enhanced risk management, and prime broker integrations—and support efforts to address regulatory and public perception risks.