Sources: Kalshi is raising ~$1B led by Coatue at a $22B valuation, up from the $11B valuation announced in December, and has a revenue run rate of ~$1.5B (Yuliya Chernova/Wall Street Journal)

Wait 5 sec.

Yuliya Chernova / Wall Street Journal:Sources: Kalshi is raising ~$1B led by Coatue at a $22B valuation, up from the $11B valuation announced in December, and has a revenue run rate of ~$1.5B  —  Coatue Management is leading the new financing that would total about $1 billion for the prediction-market platform, according to sources