Prediction market operator Kalshi has raised $1 billion in a Series F round that values the company at $22 billion,
highlighting how fast event contracts and digital-asset infrastructure are
moving into mainstream finance.
Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!)
The deal lands as institutional trading on the platform and
digital-asset hiring at large banks accelerate, even while crypto-native firms
contend with a weaker job market.
According to Thursday’s announcement, the latest funding round is led by Coatue, with
participation from investors including Sequoia Capital, Andreessen Horowitz,
IVP, Paradigm, Morgan Stanley and ARK Invest. Kalshi’s institutional activity
has climbed sharply in recent months. Over the past six months, institutional
trading volume on the platform has risen by about 800%.
JUST IN: JPMorgan, Morgan Stanley and BlackRock are now hiring for dozens of crypto jobs
— Kalshi (@Kalshi) May 7, 2026
Over the same period, annualized trading volume has more
than tripled, from roughly $52 billion to $178 billion. The
company now accounts for more than 90% of U.S. prediction market activity and
also holds a majority share of global volume in the segment.
Kalshi plans to use the fresh capital to scale its presence
among hedge funds, asset managers, proprietary trading firms and insurance
companies. The company aims to deepen adoption of event contracts as tools for
hedging real-world risks and for extracting continuous, market-based signals on
future outcomes.
Continue reading: Kalshi’s Legal Argument Tested as Courts Probe ‘Swap’ Classification
It intends to expand block trading capabilities, roll out
risk-focused products and build deeper integrations with brokers to better
match institutional workflows. The growth trajectory reflects a broader view
among backers that event contracts can develop into a market measured in the
trillions of dollars, with current activity still in the early stages of that
shift.
Banks Ramp Up High-Paying Crypto Hires
At the same time, large Wall Street firms are stepping up
hiring for digital-asset roles that blend blockchain expertise with traditional
finance experience.
According to Bloomberg, institutions such as JPMorgan, Morgan Stanley, BlackRock,
Bank of America, Fidelity, Bank of New York Mellon and Nasdaq have recently
posted roles across engineering, product and compliance for digital-asset
platforms, tokenization projects and exchange-traded products.
Wall Street firms post dozens of crypto jobs: Bloomberg pic.twitter.com/6gIUsrprak
— matthew sigel, recovering CFA (@matthew_sigel) May 7, 2026
Many of these positions offer base salaries in the $200,000 range or higher, before bonuses. Job descriptions often require six to
eight years of experience in areas such as investment banking, corporate
development or private equity, alongside knowledge of crypto and
distributed-ledger technology.
In contrast, crypto-native companies continue to face a
softer labor market. Job postings tracked by an industry association have
fallen about 25% from November levels, to around 2,200 roles, compared with
more than 5,000 at the height of the 2022 bull market. Some major exchanges
have announced fresh rounds of layoffs in recent months.
Against that backdrop,
recruitment firms that focus on both digital assets and traditional finance
report a rise in mandates from banks and asset managers that want candidates
who can operate within established governance and control frameworks while
building tokenization, custody and market-infrastructure solutions.
Prediction market operator Kalshi has raised $1 billion in a Series F round that values the company at $22 billion,
highlighting how fast event contracts and digital-asset infrastructure are
moving into mainstream finance.
Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!)
The deal lands as institutional trading on the platform and
digital-asset hiring at large banks accelerate, even while crypto-native firms
contend with a weaker job market.
According to Thursday’s announcement, the latest funding round is led by Coatue, with
participation from investors including Sequoia Capital, Andreessen Horowitz,
IVP, Paradigm, Morgan Stanley and ARK Invest. Kalshi’s institutional activity
has climbed sharply in recent months. Over the past six months, institutional
trading volume on the platform has risen by about 800%.
JUST IN: JPMorgan, Morgan Stanley and BlackRock are now hiring for dozens of crypto jobs
— Kalshi (@Kalshi) May 7, 2026
Over the same period, annualized trading volume has more
than tripled, from roughly $52 billion to $178 billion. The
company now accounts for more than 90% of U.S. prediction market activity and
also holds a majority share of global volume in the segment.
Kalshi plans to use the fresh capital to scale its presence
among hedge funds, asset managers, proprietary trading firms and insurance
companies. The company aims to deepen adoption of event contracts as tools for
hedging real-world risks and for extracting continuous, market-based signals on
future outcomes.
Continue reading: Kalshi’s Legal Argument Tested as Courts Probe ‘Swap’ Classification
It intends to expand block trading capabilities, roll out
risk-focused products and build deeper integrations with brokers to better
match institutional workflows. The growth trajectory reflects a broader view
among backers that event contracts can develop into a market measured in the
trillions of dollars, with current activity still in the early stages of that
shift.
Banks Ramp Up High-Paying Crypto Hires
At the same time, large Wall Street firms are stepping up
hiring for digital-asset roles that blend blockchain expertise with traditional
finance experience.
According to Bloomberg, institutions such as JPMorgan, Morgan Stanley, BlackRock,
Bank of America, Fidelity, Bank of New York Mellon and Nasdaq have recently
posted roles across engineering, product and compliance for digital-asset
platforms, tokenization projects and exchange-traded products.
Wall Street firms post dozens of crypto jobs: Bloomberg pic.twitter.com/6gIUsrprak
— matthew sigel, recovering CFA (@matthew_sigel) May 7, 2026
Many of these positions offer base salaries in the $200,000 range or higher, before bonuses. Job descriptions often require six to
eight years of experience in areas such as investment banking, corporate
development or private equity, alongside knowledge of crypto and
distributed-ledger technology.
In contrast, crypto-native companies continue to face a
softer labor market. Job postings tracked by an industry association have
fallen about 25% from November levels, to around 2,200 roles, compared with
more than 5,000 at the height of the 2022 bull market. Some major exchanges
have announced fresh rounds of layoffs in recent months.
Against that backdrop,
recruitment firms that focus on both digital assets and traditional finance
report a rise in mandates from banks and asset managers that want candidates
who can operate within established governance and control frameworks while
building tokenization, custody and market-infrastructure solutions.