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Coatue Management

Coatue Management

Investment firm

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Prediction markets enter institutional finance

Money Moves

Lead investor on Kalshi's $1 billion Series F

Kalshi closed a $1 billion funding round on May 7 at a $22 billion valuation, led by Coatue Management with Morgan Stanley, Sequoia, Andreessen Horowitz, Paradigm, IVP, and ARK Invest. Annualized trading volume reached $178 billion, up from $52 billion six months earlier, and Kalshi now accounts for more than 90% of U.S. prediction market activity.

Updated 19 hours ago