Kalshi Tops $2 Billion in Annualized Revenue, Valuation Doubles to $40 Billion
Kalshi has surpassed $2 billion in annualized revenue, according to The Information, marking a significant scale milestone for the prediction market platform. The revenue surge is primarily driven by sports trading, which accounts for 89% of the company's total trading volume.
The financial growth coincides with early discussions regarding a potential initial public offering. Chief Executive Tarek Mansour confirmed that while an IPO at this scale is inevitable, it will not happen in 2026. Kalshi is also in talks with investors to raise new funding at an approximate $40 billion valuation, nearly doubling the $22 billion valuation set in May when the company raised $1 billion.
From the sources (16 posts)
@aggrnewsKALSHI IN TALKS TO RAISE FUNDS AT $40BN VALUATION: FT
@negligible_cap*KALSHI IN TALKS TO RAISE FUNDS AT $40B VALUATION: FT 1 month after Kalshi raised $1B at a $22B valuation. Kalshi moving quick
@ftPredictions market Kalshi in talks to raise funds at $40bn valuation
@degeneratenewsBREAKING: PREDICTIONS MARKET @Kalshi IN TALKS TO RAISE FUNDS AT $40 BILLION VALUATION SOURCE: @FinancialTimes -
@deitaoneKALSHI IN TALKS TO RAISE FUNDS AT $40BN VALUATION: FT
@wublockchainFT: Kalshi Reportedly Seeks New Funding at a $40 Billion Valuation According to the Financial Times, prediction market platform Kalshi is in talks to raise a new funding round at a valuation of approximately $40 billion, with the deal pote
@tyler_did_itKalshi is a runaway train Likely pops to $100B at IPO
@farokhKalshi is seeking a 40 BILLION dollar valuation... the prediction market mania continues and the TAM is only getting bigger!
@coindeskLATEST: @Kalshi is seeking to raise new capital at a valuation of about $40 billion, nearly doubling the $22 billion valuation from its previous funding round, per FT Read the full story by @HeleneBraunn on CoinDesk
@coinmarketcapLATEST: 💰 Kalshi is seeking a $40B valuation in a new funding round, nearly double its previous $22B valuation, according to the Financial Times.
@coinmarketcapLATEST: ⚡ Kalshi CEO Tarek Mansour says the company is considering an IPO, but confirmed it won't happen in 2026.
@theblockcoKalshi in talks to raise funds at $40 billion valuation: FT
@sandmark_news⚡️ @Kalshi is negotiating a funding round at ~$40bn, per the FT, nearly double the $22bn valuation it secured in May. CEO Tarek Mansour also said an IPO conversation at the company's scale is inevitable, though he ruled out a debut this ye
@theinformationKalshi has topped $2 billion in annualized revenue, putting it within striking distance of far older finance companies. But its $22 billion valuation depends on whether investors see it as a brokerage, exchange or betting app. Read more
@igamingrepublic📈 @Kalshi is in early discussions about a potential IPO as annualized revenue triples to $2 billion, with sports contracts driving 89% of trading volume.
@crcuitbreakerKALSHI TO BE OFFICIAL PARTNER OF FIFA: NYT KALSHI'S ANNUALIZED REVENUE IS ABOVE OF $2B: NYT