X @Wu Blockchain

Kalshi Raises Over $1B at $22B Valuation Despite Regulatory PressureAccording to Bloomberg, Kalshi has raised more than $1 billion in a new funding round at a $22 billion valuation, roughly doubling from about $11 billion in December 2025; the round was led by Coatue Management, and the company’s annualized revenue stands at approximately $1.5 billion. Despite regulatory pressure, including accusations by the Arizona attorney general of operating an “illegal gambling” business, investor demand for exposure ...