According to Bloomberg, prediction market platform Kalshi raised $1 billion in a Series F funding round led by Coatue Management, doubling its valuation to $22 billion from $11 billion five months earlier. Other investors included Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest. The company’s annualized trading volume surged from $52 billion to $178 billion over the past six months, with annual revenue run rate reaching $1.5 billion this month.
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