Kalshi Stock
| Valuation | $22B1 |
| Valuation Date | May 7, 2026 |
| Implied Valuation | $24.43B |
| Last Price | $607.65 |
| 52-Week High | $607.65 |
| 52-Week Low | $35.12 |
| YTD Return | +78.97% |
| 1-Year Return | +1,450.13% |
| 3-Year Return | n/a |
| Total Funding | $2.53B2 |
| Latest Round Amount | $1B1 |
| Latest Round | Series F |
| Funding Rounds | 10 |
| IPO Status | Expected3 |
| Expected IPO Date | n/a |
| Revenue | $1.5B4 |
| Revenue Type | Run Rate |
| P/S Ratio | 14.7 |
About Kalshi
Kalshi is a prediction market and financial exchange where users can trade on the outcomes of real-world events. Its markets cover topics such as elections, sports, economic data, weather, entertainment, and financial markets. Users buy and sell event contracts that pay out based on whether a specified outcome occurs, with market prices reflecting the probability assigned by traders. Kalshi is regulated by the Commodity Futures Trading Commission (CFTC).
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News
Kalshi adds 3 million new users as prediction market capitalizes on the World Cup
Prediction market platform Kalshi has brought in 3 million new users over the course of the FIFA World Cup. The soccer tournament has also sent trading volumes higher on the platform as speculators se...
The ‘Bad Blood' Between Polymarket's Shayne Coplan and Kalshi's Tarek Mansour
Shayne Coplan of Polymarket and Tarek Mansour of Kalshi are young billionaires intent on dominating prediction markets. It's more than a battle.
Kalshi Opens Betting Market For Pharmaceutical Trials And FDA Decisions
Bioethicists, physicians and clinical trial researchers have all raised concerns about allowing people to bet on drug trials and FDA approvals. Researchers told Stat News that financial incentives cou...
White House Teleprompter Operator Bet on Trump Speeches, Kalshi Says
A technical assistant to President Trump won around $100,000, according to the prediction market, which flagged the activity to the federal government.
Kalshi Launches Prediction Markets for Clinical Trials and FDA Decisions
Prediction market Kalshi and public intelligence company AppliedXL have launched a pilot program that allows trading on clinical trial outcomes and Food and Drug Administration (FDA) regulatory decisi...
Kalshi to offer betting on drug trial results and FDA regulatory decisions
Move comes as prediction platforms rapidly gain popularity and offer opportunities to bet on virtually anything
Kalshi to allow bets on clinical trials, FDA decisions
Prediction market platform Kalshi will start taking bets on the outcomes of clinical trials and FDA regulatory reviews, it said on Thursday, making drug-development odds public for the first time.
Teleprompter operator allegedly made Kalshi bets on Trump statements; CFTC investigating
A teleprompter operator is under investigation by federal regulators in connection with bets they allegedly made on the prediction market platform Kalshi related to statements made by President Donald...
Kalshi Launches Biotech Prediction Markets Pilot Program Powered by AppliedXL
NEW YORK--(BUSINESS WIRE)--Kalshi, the next-generation financial exchange, today announced a partnership with public intelligence company AppliedXL to launch a pilot suite of prediction markets on cli...
Kalshi is trying to turn flight cancellations into trades
Kalshi wants you to earn a quick buck from your next canceled flight. The prediction market is launching a new category of bets tied to flight cancellations at US airports.
Kalshi to Offer Contracts Predicting Flight Cancellations
The contracts will allow users to predict the percentages of flights canceled at an airport within a given timeframe.
Kalshi Ramps Up Effort to Build Markets for AI Computing Power
Kalshi Inc. has created a tool that plots the future price of computing power, joining the ranks of exchange and index operators attempting to build markets around the commodity powering artificial in...
OpenAI Is Showing Kalshi's World Cup Odds in ChatGPT
The partnership, a first of its kind for the artificial intelligence company, will use the prediction maKalshi, the start-up that lets users wager on almost anything, has struck a partnership with the...
Prediction markets here to stay, Kalshi CEO Mansour says
Kalshi CEO Tarek Mansour told an Axios event in Washington that prediction markets are "here to stay" despite growing political scrutiny, and defended the platform's regulation and insider-trading enf...
Kalshi Pushes Past Predictions With Professional Trading Tools
Prediction market Kalshi has launched Kalshi Pro, which it calls a “professional-grade” desktop trading workstation.
XOVR Expands Private Market Strategy with $30 Million Investment in Kalshi
XOVR, the first ETF** to provide access to private equity exposure through a private-public crossover structure, adds Kalshi through its proprietary VC Lens after SpaceX exposure helped drive Q2 perfo...
Kalshi launches 'Pro' product for users trading multiple markets at same time, perpetual futures
Prediction market platform Kalshi is launching a trading terminal designed to solve problems its most active traders run into. The terminal will also include features for trading on the company's perp...
Kalshi's 'unusual' management style has more than 100 employees report to both founders, CEO says
Tarek Mansour, the CEO of Kalshi, acknowledged the company has an "unusual" management style. Most employees report directly to him or his fellow cofounder, Mansour said on a recent podcast.
From Love Island to Precious Metals: How Prediction Markets Are Changing Finance
Prediction markets like Kalshi and Polymarket are betting on growth across new financial products. The industry's product menu already stretches from political elections and World Cup matches to weath...
Kalshi is running a lot of 'Love Island' ads on TikTok
Kalshi is running TikTok ads for wagers on "Love Island" outcomes. The ads seem to have worked: Kalshi says it has seen growth among female users lately.
Kalshi in talks with regulators to expand never-expiring derivatives to new areas
Kalshi, a prediction markets platform that allows people to bet on events such as sports, election outcomes and weather, aims to expand into never-expiring derivatives products covering areas includi...
Judge Rejects Kalshi Argument That CFTC Supersedes State Gambling Rules
A federal judge on Tuesday (July 7) denied Kalshi's request for a preliminary injunction to block New York from enforcing its gambling laws against the company's prediction markets platform, Reuters r...
Judge rejects Kalshi bid to block New York gambling enforcement law
A federal judge denied Kalshi's bid to block New York from enforcing its gambling laws against the prediction markets platform, amid a growing battle between federal and state regulators over authori...
Kalshi traders see slim odds U.S. government will take a stake in OpenAI this year
OpenAI reportedly proposed giving the Trump administration a stake in the company, but Kalshi traders see long odds that such a deal could occur this year. Last week, President Donald Trump avoided an...
The World Cup sends prediction market volumes soaring to record highs
The FIFA World Cup was expected to drive up trading volume on prediction market platforms, and that bet paid off in June. Prediction market platform Kalshi did more than $30 billion in trading volume ...
Kalshi Probes Trading Spike After Spotify Detects Song Chart Manipulation
Kalshi is looking into an incident in which streams of a song on Spotify may have been artificially boosted at the same time there was a jump in wagers on Kalshi's prediction markets platform that the...
U.S.-Iran Lasting Pressures, Measuring AI Memory Demand & META's Kalshi Talks
A pause in talks between the U.S. and Iran have futures taking a step back ahead of Wednesday's opening bell. Tom White turns to the trading action and explains how persisting headwinds keep markets p...
There's one big reason insider trading is harder to catch in stocks than prediction markets: Kalshi CEO
Kalshi's CEO said insider trading in the stock market is harder to detect than in prediction markets. He said it's easy to see how a piece of information can lead to an unfairly profitable trade on Ka...
Meta considered buying Kalshi before developing its own prediction market app
NPR reports Mark Zuckerberg met with Kalshi CEO Tarek Mansour about a possible acquisition last year as prediction markets surged, but negotiations never advanced; Meta later struck a Threads integrat...
Michigan judge blocks Kalshi from allowing residents to place sports bets
A Michigan judge on Monday blocked prediction market operator Kalshi from continuing to allow people in the state to place financial bets on sporting events after the state's attorney general a...
Kalshi traders expect this week's jobs report will disappoint Wall Street outlook
The Dow Jones consensus expects nonfarm payrolls to drop off significantly from May, when job growth totaled 172,000, more than double the outlook. Meanwhile, Kalshi traders see less than a 60% chance...
Zuckerberg asks Meta to explore working with Polymarket and Kalshi, NYT reports
Meta CEO Mark Zuckerberg has urged his lieutenants to explore partnerships with the popular prediction markets Polymarket and Kalshi as his company builds a similar app, the New York Times said on F...
Mark Zuckerberg Urges Meta to Explore Working With Polymarket and Kalshi
Mr. Zuckerberg's plans for Arena, a prediction markets app that Meta is building, also include appealing to 18- to 34-year-old users.
Kalshi donated $300K in shares to Donald Trump Jr. after he became adviser to prediction market: report
Prediction market Kalshi handed Donald Trump Jr. about $300,000 worth of shares after he became a strategic adviser to the company early last year, according to a report.
Kalshi and ADI Predictstreet Announce Strategic Partnership to Expand Global Prediction Market Footprint during World Cup™ and Beyond
NEW YORK--(BUSINESS WIRE)--ADI Predictstreet, the Official Prediction Market Partner of the FIFA World Cup 2026™, today announced a strategic branding and product partnership with Kalshi, the world's ...
OpenAI is reportedly delaying its IPO. Here's when Kalshi traders think it will announce
Traders on prediction market platform Kalshi think an OpenAI initial public offering will be announced by March 1, 2027. Speculators recalibrated their timelines for a public market debut by the artif...
Kalshi Chief Says IPO Won't Happen This Year
Kalshi's CEO has confirmed the company wants to go public, though not right away. Tarek Mansour said in a CNBC interview Wednesday (June 24) that the prediction market is in the early stages of planni...
Kalshi CEO says prediction market thinking about IPO, but not for this year
Kalshi CEO Tarek Mansour told CNBC's "Squawk Box" that the company is considering going public, but not in 2026. Mansour said that conversations about a move to the public markets make sense for the s...
Kalshi CEO Tarek Mansour on new KPOW index, regulating prediction markets & insider trading concerns
Tarek Mansour, Kalshi CEO, joins 'Squawk Box' to discuss the state of the prediction markets, Kalshi's new American Power Index (KPOW), regulating prediction markets, insider trading concerns, IPO pla...
Tradeweb Expands Kalshi Prediction Market Data, Index into Institutional Trading Workflows
NEW YORK--(BUSINESS WIRE)--Tradeweb has expanded Kalshi prediction market data and Index into Institutional Trading Workflows.
Kalshi seeks funding at $40 billion valuation, widening lead over rival Polymarket
Kalshi is in talks to raise new capital at a roughly $40 billion valuation, nearly doubling the $22 billion it reached in May's $1 billion Series F, the Financial Times reported. The round could close...
Meta is building a prediction markets app to rival Polymarket, Kalshi: report
Zuckerberg recently tasked a team inside Meta with building the experimental app, which is internally known as “Arena,” the New York Times reported.
Nvidia's stock struggles as Kalshi traders bet chip prices are coming down
Nvidia shares have underperformed the VanEck Semiconductor ETF (SMH) in 2026, with the chipmaker up 12% compared to the fund's nearly 85% surge. The chip stock has largely sat on the sidelines as Wall...
Prediction Market Kalshi Eyes IPO as Revenue Triples to $2 Billion
Kalshi has about tripled its annualized revenue since November, bringing that figure to $2 billion, The Information reported Thursday (June 18), citing unnamed sources. The report attributed the predi...
CME Sues U.S. Regulator to Stop Kalshi From Offering Popular ‘Perp' Futures
The CFTC recently greenlighted Kalshi's plan to list perps in the U.S. CME, the dominant derivatives exchange, argued the regulator violated federal law.
Kalshi Create AI Agent To Smooth Prediction Market Contracts
Kalshi has reportedly built an artificial intelligence (AI) agent designed to help run its prediction market.
Kalshi Creates AI Agent to Smooth Prediction Market Contracts
Kalshi has reportedly built an artificial intelligence (AI) agent designed to help run its prediction market.
SpaceX doesn't have a timeline for its human missions to Mars. Kalshi traders say don't expect it this decade
Traders on prediction market platform Kalshi gives SpaceX less than 20% odds of sending humans to Mars by 2030. The Elon Musk-led company in its IPO prospectus didn't detail a timeline for some of its...
Thinking about insider trading on prediction markets? Kalshi wants to make an example of you.
Prediction-market companies are identifying hundreds of cases of suspected insider trading.
Regulators' proposed prediction markets rules ban trading on terrorism, assassinations
The proposed rules from the commission will now face a public comment period.
CFTC Will Propose Banning Some Bets On Online Prediction Markets, Report Says
The CFTC has already shared some guidelines with online betting platforms, according to the Journal. On Tuesday, Kalshi announced three new so-called “market integrity” measures for its platform to cr...
U.S. strikes Iran, SpaceX's unique IPO, Kalshi's insider trading fight and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Trump Regulator Proposes New Rules on What's Allowed on Prediction Markets
The CFTC will provide clearer parameters around what bets are allowed on Kalshi and other platforms, but won't ban certain contracts.
Kalshi and the Argentina Football Association Announce Official Partnership for the 2026 FIFA World Cup
Kalshi announced an official sponsorship partnership with Argentina's national football federation for the 2026 FIFA World Cup, including co-branded activations and official Genius Sports data for mar...