PANews reported on May 21 that, according to Bloomberg, sources familiar with the matter revealed that prediction market Kalshi has raised an additional $200 million from two new investors, Baillie Gifford and Layer Global, extending its previous $1 billion funding round led by Coatue Management. The company's valuation remains unchanged at $22 billion.

Earlier this month, Kalshi announced the completion of a $1 billion Series F funding round led by Coatue Management, valuing the company at $22 billion. Other participants included Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest. Kalshi's monthly trading volume exceeded $14 billion in April, with annualized revenue exceeding $1.5 billion.