Kalshi Stock
| Valuation | $22B1 |
| Valuation Date | May 7, 2026 |
| Implied Valuation | $23.8B |
| Last Price | $592.11 |
| 52-Week High | $592.11 |
| 52-Week Low | $29.74 |
| YTD Return | +74.39% |
| 1-Year Return | +1890.95% |
| 3-Year Return | n/a |
| Total Funding | $2.53B2 |
| Latest Round Amount | $1B1 |
| Latest Round | Series F |
| Funding Rounds | 10 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | $1.5B3 |
| 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
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.
Powerlaw Corp. (Nasdaq: PWRL) Highlights Kalshi Portfolio Holding, Following Reports of $2B Annualized Revenue
SAN FRANCISCO--(BUSINESS WIRE)--Powerlaw Corp. (Nasdaq: PWRL), a publicly traded fund advised by Powerlaw Fund Adviser, LLC, is highlighting its exposure to Kalshi following reports that the predictio...
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.
Kalshi wants to know where you work
Kalshi will now check its users' employment status before allowing them to bet. This is the prediction market's latest guardrail to weed out insider trading and bad actors.
Kalshi now requiring users to disclose employers for some bets after string of insider trading scandals
Kalshi, which allows users to bet on an array of topics, plans to require some users to disclose their employers – after a string of insider trading scandals have rocked so-called prediction market pl...
Kalshi CEO on perpetual futures trading: 'The demand is there'
Kalshi CEO Tarek Mansour joins 'Fast Money' after the prediction market platform announced perpetual futures crossed $1 billion in volume one week after launching.
Kalshi rolls out whistleblower services, employment verification to curb insider trading
Kalshi said it will roll out measures such as a requirement for traders to provide employment details, as well as offering whistleblower services. The platform said it's making these changes "effectiv...
Prediction market Kalshi bets on compliance to address insider trading concerns
Prediction market Kalshi said on Tuesday it will mandate employment disclosures for users trading on sensitive contracts and launch a whistleblower portal, steps aimed at aligning the platform with r...
Kalshi Plans to Require Users Disclose Where They Work to Make Certain Trades
The popular predictions market is putting new guardrails in place for certain bets as concerns rise about suspicious activity.
Kalshi trading in 'perps' crosses $1 billion in volume within a week of launch
Kalshi told CNBC that volumes on its perpetual futures, or "perps," have crossed $1 billion in trading volume. Perps first launched on the platform on Wednesday, and originally saw more than $100 mill...
National Advertising Division Will Refer Kalshi to Regulatory Authorities for Failure to Participate in Inquiry
As part of its marketplace monitoring program, BBB National Programs' National Advertising Division will refer Kalshi Inc. to the appropriate regulatory authorities, including relevant state Attorneys...
Sportradar and Kalshi Announce First-of-its-Kind Data and Infrastructure Global Partnership for Prediction Markets
-Global Agreement Positions Sportradar as Core Data and Solutions Provider Across Premier Sports Leagues- --Opportunity to participate across Kalshi ecosystem including market makers and brokers-- ST....
Kalshi Builds New Interface for Retail Power Users
Kalshi is building a new interface designed for the most highly engaged retail traders using its prediction markets platform, CNBC reported Thursday (June 4), citing an unnamed source.
Moomoo Partners with Kalshi to Expand Access to Prediction Markets
Integration gives eligible users access to contracts tied to major economic, political, and cultural events directly within the moomoo platform Integration gives eligible users access to contracts tie...
Kalshi is building a prediction markets 'Bloomberg Terminal' for high-end traders, source says
Kalshi is building a new product for its highly-engaged traders, according to a source familiar with the company's plans. The interface, which CNBC was shown, allows users to manage multiple positions...
Kalshi reports ex-congressman George Santos to DOJ over suspicious trades
A prediction market reported U.S. Rep. George Santos to federal prosecutors after he boasted he'd be going to President Donald Trump's State of the Union address, then bet against his own attendance, ...
Kalshi wants small businesses to hedge like Wall Street. A NYC bar is trying it with Knicks promotion
A local NYC bar on the Upper East Side is promising customers that if the Knicks win its first game against the Spurs, it will pay for everyone's tab. It's hedging using Kalshi.
Kalshi CEO Tarek Mansour: Perpetual futures are the 'purest form of trading'
Kalshi co-founder and CEO Tarek Mansour joins ‘Squawk on the Street' to discuss the launch of the first regulated perpetual futures in the U.S., growth of prediction markets, and the risk of insider t...
How Are Kalshi and Polymarket Worth Billions Without a Gambling License? | WSJ The Economics Of
Prediction markets like Kalshi and Polymarket allow traders to buy and sell "event contracts" on the future of nearly anything. The rapid growth of these markets–regulated by the Commodity Futures Tra...
Kalshi Sues Minnesota to Block State Prediction Market Ban
Kalshi has sued Minnesota in federal court to block a state law that would prohibit the operation and promotion of prediction markets within its borders, beginning Aug. 1, CoinDesk reported Friday (Ma...
Coinbase, Kalshi bring regulated perpetual crypto futures to US investors
Cryptocurrency exchange Coinbase and prediction markets platform Kalshi said on Friday they are introducing perpetual crypto futures, marking the first time such instruments will be available to U.S....
Kalshi is moving beyond prediction markets and into one of crypto's biggest trading lanes
Perpetual futures, or "perps," are futures-style contracts with no fixed expiration date. Traders do not have to keep rolling from one dated contract into the next.
Kalshi Launches First Perpetual Futures in the U.S.
The Commodity Futures Trading Commission has allowed the company to offer perpetuals, which will give U.S. investors access to crypto trading on the prediction market's platform.
Kalshi taps former FBI analyst Neff for surveillance unit
Kalshi has hired former FBI official Tyler Neff on its surveillance team, as part of a broader effort to ramp up safeguards on its exchange at a time when prediction markets are facing increased pre...
Kalshi Launches First-Ever Perpetual Futures in America
NEW YORK--(BUSINESS WIRE)--Kalshi, the next-generation financial market, today announced the launch of perpetual futures contracts, making Kalshi the first company in American history to offer perpetu...
Tema Durable Quality ETF (TOLL) Adds Kalshi, Becoming First ETF to Offer Exposure
NEW YORK--(BUSINESS WIRE)--Tema ETFs (“Tema”), a leader in institutional-quality and actively managed exchange-traded funds, today announced that the Tema Durable Quality ETF (TOLL) has acquired expos...
Kalshi Debuts Prediction Markets Tied to Art Auctions
Kalshi is expanding deeper into collectibles markets with new event contracts tied to art auction prices.
Polymarket, Kalshi Face Spanish Ban
Madrid issued an order to block Polymarket and Kalshi's websites while officials look into possible violations of gambling laws, proceedings that are expected to take up to four months.
Spain blocks prediction markets Polymarket, Kalshi over lack of gambling licences
Spain's Consumer Rights Ministry temporarily banned so-called prediction markets Polymarket and Kalshi for operating in the country without a gambling licence, the official state gazette showed on T...
Oversight Chair James Comer demands info from Kalshi, Polymarket CEOs over alleged insider trading
In his letters, Comer ordered the execs to send company documents by June 5 detailing how they verify identities, enforce geographic restrictions and flag unusual transactions.
Oversight Chairman Comer launches congressional probe into insider trading on Kalshi, Polymarket
Rep. James Comer, R-Ky., chair of the House Oversight and Government Reform Committee, announced Friday on CNBC's “Squawk Box” that he is seeking information from the CEOs of Kalshi and Polymarket on ...
Interactive Brokers Expands Prediction Markets, Unifying Access to Kalshi, CME Group, and ForecastEx
GREENWICH, Conn.--(BUSINESS WIRE)-- #IBKR--Interactive Brokers (Nasdaq: IBKR) announced the launch of a first-of-its-kind unified interface for trading prediction markets.
A Swap By Any Other Name: The Third Circuit Sides With Kalshi In High-Stakes Fight Over Who Regulates Prediction Markets
Those who bet on the CFTC in the high-stakes fight over who will regulate sports-related event contracts just hit pay dirt. At least for now, bettors will remain free to buy swaps contracts on license...
Kalshi Announces Partnership with MMA Legend Nate Diaz Ahead of His Highly Anticipated Return to the Octagon
NEW YORK--(BUSINESS WIRE)--Kalshi, the world's largest prediction market, today announced a new multi-tiered partnership with MMA star Nate Diaz timed to his much-anticipated return to the sport on Ma...
Kalshi Hires Veteran Regulator as Prediction Market Scrutiny Mounts
Prediction-market Kalshi named Sudhir Jain, a well-connected former regulator, as its chief compliance officer.