Prediction market platform Kalshi has begun preliminary preparations for an IPO. The Information reports that the company is in informal talks with several investment banks regarding an IPO (Initial Public Offering).
According to the report, Kalshi’s annual revenue is projected to reach $2 billion. For comparison, the Wall Street Journal reported in March 2026 that this figure was about $1.5 billion.
The company raised $1 billion in investment in May at a valuation of $22 billion. The investment round was led by Coatue, and also included Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley and ARK Invest.
Kalshi, which launched in 2018, has grown rapidly in the past year. The company raised its valuation from $2 billion to $11 billion in 2025 through several investment rounds. Now, this figure has reached $22 billion.
