Prediction market Kalshi raises an additional $200 million from Baillie Gifford and Layer Global.

CoinFeed 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.