Kalshi, a NYC-based prediction market solutions company, raised $1 Billion in Series F funding, at a $22 billion valuation.

The round was led by Coatue, with participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest.

The company intends to use the funds to expand its product suite, including its recently launched block trading capabilities, upcoming risk products, and deeper broker integrations to meet institutional demand.

Founded in 2018 and led by CEO Tarek Mansour, Kalshi is a prediction market service that offers financial markets on the outcomes of real-world events, such as award shows.

source [FinSMEs]