Kalshi, the leading prediction‑market platform, disclosed that it has begun preliminary talks with investment banks regarding a potential public market debut.
Revenue Growth and Valuation
Kalshi now reports annualized revenue exceeding $2 billion, a level roughly three times higher than its November figures. The surge follows heightened betting activity on NBA events and the World Cup, which lifted trading volume sharply.
The platform’s revenue jump eclipses the $1 billion annualized amount the Wall Street Journal cited in March. This acceleration arrives after Kalshi closed a $1 billion Series F round in May, which set a $22 billion valuation.
Investor Backing
Coatue led the Series F financing, while Sequoia Capital, Andreessen Horowitz, Paradigm, Morgan Stanley, and ARK Invest participated as co‑investors. These heavyweight investors underscore confidence in Kalshi’s blockchain‑enabled prediction market model.
Trading Volume Trends
In May, Kalshi recorded $16.81 billion in trading volume, up from $14.81 billion in April. By contrast, rival Polymarket posted a declining $7.08 billion for the same month.