Overview
- Kalshi disclosed the Series F on Thursday and said it will channel the cash into block trading, broker integrations and new risk tools for large investors.
- Institutional trading on the exchange rose 800% over the past six months as hedge funds, proprietary trading desks and insurers adopted event contracts.
- Annualized notional volume climbed to about $178 billion after rising from $52 billion in six months, according to company figures.
- Kalshi reports about $1.5 billion in annualized revenue, roughly 2 million monthly users and more than 90% of U.S. prediction‑market activity.
- Multiple states, including Nevada, New Jersey and Illinois, have challenged some markets as gambling, and Kalshi points to CFTC oversight as federal regulators weigh comments on how to treat event contracts.