Prediction-Market Platform Kalshi Holds Early IPO Talks as Annualized Revenue Tops $2 Billion
Kalshi has surpassed $2 billion in annualized revenue and held early, informal talks with investment banks about a potential initial public offering, according to sources, as the prediction-market platform explores a public listing and deeper ties with Wall Street. The company’s annualized revenue has roughly tripled since November, driven by traders betting on NBA and World Cup games.
The update follows Kalshi’s recent disclosure that its perpetual futures products generated more than $5.5 billion in trading volume in their first two weeks, with daily volume exceeding $1 billion for three consecutive days. Kalshi currently offers 11 crypto-linked perpetual contracts and has said it is discussing additional products with regulators as it looks to expand beyond digital assets.
From the sources (5 posts)
@wublockchainKalshi Perpetual Futures Volume Surpasses $5.5 Billion, Eyes Expansion Beyond Crypto According to Bloomberg, prediction market platform Kalshi said its perpetual futures products generated more than $5.5 billion in trading volume within tw
@businessKalshi is looking to expand its new perpetual futures business beyond digital assets after the never-expiring derivatives racked up more than $5.5 billion of trading volume in their first two weeks on the prediction-market platform https://
@yueqi_yangExclusive: Kalshi has surpassed $2 billion in annualized revenue and has held early, informal talks with investment banks about an IPO, according to sources
@techmemeSources: Kalshi is generating $2B+ in annualized revenue, up about three times from November, and has held informal talks with banks about an eventual IPO (@yueqi_yang / The Information) (Visit Techmeme dot com for the link and full contex
@theinformationExclusive: Kalshi’s annualized revenue has roughly tripled since November, driven by traders betting on NBA and World Cup games. The company is now exploring a public listing as it seeks deeper ties with Wall Street. More details: https