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.

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The deal lands as institutional trading Institutional Trading Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Read this Term on the platform and digital-asset hiring at large banks accelerate, even while crypto-native firms contend with a weaker job market.

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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

Kalshi Pushes Institutional Growth

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 Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term 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.