Kalshi Secures Over $1B Funding Round at a $22B Valuation

Kalshi raised more than $1 billion in a new round that values the prediction-market platform at $22 billion, after The Wall Street Journal reported the deal on March 19, 2026 and Bloomberg later confirmed the terms. The valuation doubles its December 2025 level of $11 billion and caps a nine-month rise from $2 billion in June 2025. The funding lands as Arizona filed 20 criminal counts against Kalshi on March 19, alleging illegal gambling without proper licensing.

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