Kalshi nears roughly $1 billion raise at about $40 billion valuation ahead of possible IPO
Article excerpt
Highlighted: the sentence this signal was extracted from
KalshiECO The CFTC-regulated prediction market is wrapping up what is expected to be its final private round before a public listing that could come as early as 2027 Share Kalshi is closing in on another major funding round. The New York-based prediction market is nearing completion of a raise of approximately $1 billion that would value the company at around $40 billion. This round is expected to be the last private financing before a possible IPO, which could happen as early as 2027. The numbers show how quickly Kalshi's valuation has climbed. In December 2025, the company was valued at $11 billion. By May 2026, a Series F round that raised $1 billion lifted that figure to $22 billion. The new round would take it to roughly $40 billion. The investor list is notable. Sequoia Capital and Wellington Management are among the key backers in this round. Talks are also reportedly underway with Tiger Global and Dragoneer Investment Group. Kalshi's trading activity is the main reason for the rising valuation. Trading volumes grew from $52 billion to $178 billion over six months. Sports-related contracts make up around 65-70% of Kalshi's trading volume. Kalshi lets users trade on game outcomes in a market format instead of placing a traditional sportsbook bet. Kalshi reportedly runs a gross margin of approximately 90%, and its revenue run-rate passed $2 billion in mid-2026. Daily...
Keep reading with a free account
The rest of this article, and every signal for Kalshi, is in your free account.
