Kalshi extends Series F to $1.2B at $22B valuation

Kalshi, a real-money prediction markets platform, has expanded its Series F financing round to nearly $1.2 billion, according to recent reports dated May 26, 2026. The latest capital infusion lifts the company’s valuation to approximately $22 billion, reflecting strong investor appetite for its regulated event-contract marketplace. The round builds on an initial $1 billion Series F tranche and signals sustained confidence in Kalshi’s growth trajectory as trading volumes and market breadth increase.

The new funding cements Kalshi as one of the highest-valued players in the prediction markets and broader fintech ecosystem, following a sharp rise in valuation from about $2 billion in 2025 to $22 billion in 2026. The company operates a platform where users can trade on outcomes of real-world events under a regulated framework, and the fresh capital is expected to support expansion of its product lineup and market coverage. Details on specific lead investors and precise allocations within the expanded Series F have not been disclosed, but the scale and step-up in valuation underscore how investors view regulated prediction markets as a maturing and commercially significant segment of financial innovation.