On June 20, sources familiar with the financial status of the prediction market platform Kalshi revealed that the company's annual revenue has surpassed $2 billion, nearly doubling in size compared to last November, driven by a surge in trading volume from bets on NBA and World Cup events. Kalshi is experiencing rapid business expansion, and company executives have engaged in informal discussions with several investment banks regarding a potential IPO. One insider indicated that any investment bank interested in providing IPO advisory services must complete a system integration with the Kalshi platform to enable their institutional clients to trade on it. Currently, these discussions are still in the early stages, and the company is not expected to go public until late next year or even 2028.
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Kalshi's Annual Revenue Surpasses $2 Billion Driven by World Cup and Other Events
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