Kalshi Stock
| Valuation | $22B1 |
| Valuation Date | May 7, 2026 |
| Implied Valuation | $26.47B |
| Last Price | $650.90 |
| 52-Week High | $650.90 |
| 52-Week Low | $37.16 |
| YTD Return | +91.71% |
| 1-Year Return | +1,546.60% |
| 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 | $2B4 |
| Revenue Type | Run Rate |
| P/S Ratio | 11.0 |
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).
Invest in Kalshi
Kalshi is a private company, so you can't purchase it with a regular brokerage account. However, its shares are available on Hiive.
Hiive is a secondary marketplace where accredited investors can buy and sell shares of private, pre-IPO companies. Invest in the world's most exciting startups before they go public.
Invest on HiiveStock Analysis may be compensated for user sign-ups through Hiive links. Hiive is not affiliated with Stock Analysis. Securities offered by Hiive Markets Limited, member of FINRA/SIPC.
Related Companies
News
Flight-Tracking Platform Sues Kalshi Over Flight Cancellation Prediction Markets
FlightAware says such markets could incentivize unsafe tactics to impact cancellations and creates the potential for disruption to air travel.
FlightAware sues Kalshi over flight cancellation prediction markets
The real-time flight tracker FlightAware is suing the prediction market Kalshi for allegedly using its data to host gambling markets.
FlightAware sues Kalshi over flight-cancellation markets
Flight-tracking service FlightAware is suing prediction markets giant Kalshi accusing the company of using its data and name to run "gambling markets on flight cancellations" without permission.
Kalshi brings in former U.S. solicitor general as Washington state gambling case escalates
Kalshi is still operating in Washington nearly three weeks after a Seattle judge granted the state a preliminary injunction against the prediction market platform.
Kalshi Adopts Nasdaq Market Surveillance to Enhance Market Oversight
Kalshi announced a multi-year partnership with Nasdaq Market Surveillance on August 10, 2026 to enhance monitoring of its event contracts and perpetual futures markets.
Inside Out: DKNG, FLUT vs Prediction Markets
CFRA's Zach Warring joins Morning Trade Live to look at the state of sports wagering companies like DraftKings (DKNG) and Flutter Entertainment (FLUT). The biggest headwind in his mind: Prediction mar...
Traders on Kalshi now think it's likely that the S&P 500 will hit 8,000 in 2026
Traders on prediction market platform Kalshi now see about a 66% chance that the S&P 500 hits 8,000 in 2026. Those high odds come after the broad index surged more than 5% over just four sessions as t...
Kalshi Says It's Not Running a Casino, Responds to NY Attorney General
Robert DeNault, Kalshi's head of enforcement and legal counsel, responded to a lawsuit brought New York State, saying that he is concerned about overreach coming from Attorney General Letitia James's ...
Genius Sports and Kalshi Strike Major Official Data, Media and Integrity Partnership
NEW YORK--(BUSINESS WIRE)--Genius Sports Limited (“Genius Sports”) (NYSE:GENI), a global leader in real-time sports data, today announced an agreement with Kalshi to provide the next-generation financ...
Kalshi strikes partnership with compliance tech firm to help companies police insider trading
Kalshi will announce a new partnership with compliance technology company Comply on Tuesday, the company told CNBC exclusively. Comply will extend the company's regulatory software, which allows emplo...
Kalshi CEO says lawsuits are the price of being a disruptor
Tarek Mansour, the cofounder of Kalshi, says the litigation his company is facing is just part of a cycle. Such litigation happens to market players that disrupt industries, he said.
Kalshi Expands 15-Minute Markets Beyond Crypto With Gold and Silver
Kalshi is expanding its fast-growing 15-minute prediction markets to gold and silver as it works toward eventually offering similar contracts tied to individual stocks.
Kalshi CEO Tarek Mansour on New York lawsuit: We operate under federal rules
Tarek Mansour, Kalshi co-founder and CEO, joins 'Squawk Box' to share his thoughts on the New York State's lawsuit on the company, regulating prediction markets, federal vs. state oversight, and more.
Kinetic Markets Taps Solidus Labs for Trade Surveillance
NEW YORK--(BUSINESS WIRE)--Kinetic Markets LLC, the futures commission merchant (FCM) affiliate of Kalshi, selects Solidus Labs as its trade surveillance partner.
Friday's Final Takeaways: GM Accelerates AI Push, NY Sues Kalshi & SPCX Moon Course
Marley Kayden discusses General Motors' (GM) accelerating push into AI and what it could mean for the future auto industry. She also covers New York's lawsuit against prediction market platform Kalshi...
Kalshi board member: New York lawsuit aims to shut down prediction markets entirely
Brian Quintenz, Kalshi board member, joins 'Squawk on the Street' to discuss New York's recent lawsuit against Kalshi. Disclosure: CNBC and Kalshi have a commercial relationship that includes customer...
New York Alleges Kalshi Running Illegal Gambling Operation
New York Attorney General Letitia James's office said Kalshi's prediction market meets the legal definition of gambling because users are betting on events outside of their control in a game of chance...
NY sues Kalshi over alleged illegal gambling operation as prediction market war heats up
The lawsuit, filed by Attorney General Letitia James, alleges Kalshi has been offering New Yorkers illegal gambling products without a state license.
New York sues Kalshi, says prediction market is running 'illegal gambling operation'
New York state on Friday sued Kalshi in a Manhattan state court, claiming that the company is illegally operating a gambling platform. Kalshi expressed disappointment with the decision by the state, s...
New York sues Kalshi, says prediction markets constitute illegal gambling
New York's attorney general sued Kalshi on Friday, claiming that its prediction markets platform violates state laws against illegal gambling.
44 states are aligned on one thing in their fight against prediction markets. It's about sports wagering
Attorneys general from 44 states sent a letter to the Commodity Futures Trading Commission arguing the agency doesn't have authority to regulate sports-related event contracts. Sports-related event co...
Meta likely to highlight smart glasses, avoid social media policy on upcoming earnings call, Kalshi traders say
Meta is set to report earnings on Wednesday after the market close. Kalshi traders think the company on its conference call will likely highlight its Ray-Ban Meta smart glasses.
Judge blocks Minnesota's first-in-nation ban on prediction markets run by Kalshi, Polymarket
A Wall Street regulator, Kalshi and Polymarket had sued after Gov. Tim Walz signed the measure into law in May, making it a crime to operate, host or promote a prediction market in Minnesota.
Wall Street Banks Weigh Perpetual Futures as Kalshi Charges Ahead
As regulated perpetual futures arrive in the United States, some trading firms and cryptocurrency exchanges are embracing them, while traditional Wall Street banks are taking a more cautious approach,...
Kalshi Could Push Deeper Into Precious Metals Trading
Kalshi may launch perpetual copper futures to let investors bet on the red metal as the artificial intelligence buildout boosts. demand. Chief Risk Officer Udesh Jha talks about the push deeper into p...
Wisconsin's Warning on Election Bets Intensifies Fight With Prediction Markets
A sprawling legal battle between state regulators and sites like Kalshi is heating up ahead of the midterm elections.
Kalshi demands Netflix take down trailer for ‘Prediction Games' documentary
Prediction market Kalshi sent Netflix a cease-and-desist letter on Friday demanding that the streaming service take down the trailer for an upcoming documentary. In the letter, Kalshi claimed the trai...
What's going on with Seattle startup funding, a Kalshi setback, Impinj's long game, and a smartphone detox
This week on the GeekWire Podcast: Seattle startup funding fell about 40% in the first half of 2026 as AI reshaped the venture market — plus a Kalshi court setback, Impinj's 10 years on the Nasdaq, an...
Prediction-Markets Race Heats Up as Robinhood and Crypto.com Hold Talks
The deal could put the brokerage firm in more direct competition with Kalshi.
How Should Prediction Markets Like Kalshi and Polymarket Be Regulated?
In this video, we explain how prediction markets work, why states and the Commodity Futures Trading Commission disagree over who has authority to regulate them, how courts have responded to the growin...
Kalshi launches map showing gamblers' odds on Senate, House races ahead of 2026 midterms
Prediction market giant Kalshi is ramping up its push into political forecasting with a new “Midterms Hub” that lets users track how its markets expect the 2026 midterm elections to shake out. Unveile...
Kalshi Launches First-Ever Midterms Hub Powered by the Wisdom of the Crowds
NEW YORK--(BUSINESS WIRE)--Kalshi, the next-generation financial exchange, today announced the launch of its Midterms Hub – the first-ever election hub powered by the wisdom of the crowds. Kalshi's ma...
Kalshi debuts US midterms hub for election forecasts and polling data
Prediction market operator Kalshi said it had launched a new hub for tracking the U.S. midterm elections, offering users real-time election forecasts alongside polling, fundraising and historical el...
Kalshi launches election hub for prediction markets ahead of midterms
Prediction market platform Kalshi will launch a central page for viewers of its prediction markets to see how speculators in various markets believe the midterm elections will play out. On a central p...
Talos Brings Prediction Markets Onto Institutional Trading Infrastructure
Talos announced an integration with Kalshi on July 22, 2026, allowing select institutional clients to trade Kalshi event contracts through existing digital-asset trading infrastructure.
Prediction markets and their opponents are spending more to influence Congress in 2026
Kalshi, along with groups representing the casino and gaming and online sports betting industries, all are increasing lobbying spending, financial disclosures released this week show. In the first hal...
Seattle judge deals blow to Kalshi, rejects prediction market's federal defense
A King County Superior Court judge granted Washington state a preliminary injunction against Kalshi, ruling the prediction market platform is likely running illegal online gambling.
Kalshi Seeks to Launch Perpetual Futures for Precious Metals
The company's request to let users speculate on the price of gold, silver and platinum comes after it received approval from the CFTC in May to launch the country's first set of perpetuals, which were...
Healthcare students are turning to Kalshi and betting platforms to pay for their degrees, survey shows
Over 70% of healthcare students use betting and prediction market platforms at least a few times a week, according to a report from workforce infrastructure company Clasp. Less than half reported posi...
Kalshi blocked from offering contracts in Washington state as judge cites gambling laws
Washington joined Massachusetts, Michigan and Nevada in winning court orders restricting Kalshi's activities.
Washington judge blocks Kalshi contracts, cites state's gambling law
A judge granted Washington's request to block Kalshi from offering its so-called event contracts in the state, saying the prediction markets platform likely violated the state's gambling laws.
What Is Sports Betting? The Experts Duke It Out.
A House hearing on Tuesday will focus on whether sports prediction market contracts should be treated as sports wagers and federally regulated.
Kalshi helped set up 2024 FBI raid of arch-rival Polymarket CEO's apartment: report
Prediction market giant Kalshi played a role in an infamous November 2024 raid on the apartment of its arch-rival CEO's apartment – one of a handful of blows the two companies have traded in bringing ...
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...
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.
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...
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...
Kalshi CEO says company thinking about IPO, but not for this year
CEO Tarek Mansour told CNBC's Squawk Box that Kalshi is in the early stages of considering an initial public offering but will not go public in 2026. He declined to give a timeline beyond ruling out t...
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...
Kalshi passes $2 billion in annualized revenue, in early IPO talks, according to The Information
Kalshi's annualized revenue has passed $2 billion, roughly triple its November 2025 level, driven by NBA playoff and FIFA World Cup trading volume. The company is also in early, informal discussions w...
Wealthsimple and Kalshi Partner to Bring Prediction Markets to Canada
Wealthsimple announced Wealthsimple Predict on June 18, 2026, a standalone app giving Canadian investors access to roughly 4,000 Kalshi event contracts in authorized categories.
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...
Sportradar and Kalshi Announce Global Data Partnership for Prediction Markets
Sportradar signed a multi-year agreement to serve as an official data and solutions provider for Kalshi, delivering premium sports content across MLB, NHL, MLS, UFC and other major properties.
Kalshi Named Official Prediction Market Partner of Madison Square Garden
Kalshi and Madison Square Garden Entertainment announced a multi-year partnership naming Kalshi an official prediction market partner, including renaming MSG's sixth-floor concourse the Kalshi Concour...
FOX to Integrate Kalshi Forecasts Across FOX News Media and FOX One
Kalshi and Fox Corporation announced an integration to incorporate Kalshi prediction market data across FOX News Channel, FOX Business Network, FOX Weather and the FOX One streaming platform.