Company intelligence

Kalshi

Regulated prediction-market platform for trading on the outcome of economic, political, and other real-world events.

FintechNew York, New York, USAFounded 2018Founders: Tarek Mansour, Luana Lopes LaraWebsite ↗See connections →Compare with Mercury
Last verified May 7, 2026

Key Metrics

Valuation
$22B
As of May 7, 2026TechCrunch
Rumored$40B (in talks) · Aug 13, 2026 · Yahoo Finance
Revenue run-rate
$1.5B+ annualized revenue
As of May 7, 2026TechCrunch

Company Snapshot

Kalshi is a Fintech company, based in New York, New York, USA, founded 2018 by Tarek Mansour, Luana Lopes Lara. Latest valuation $22B (As of May 7, 2026, TechCrunch).

Recent changes

  1. Sep 10, 2026Polymarket Hires First CFO To Chase Kalshi Pulse story
  2. Aug 25, 2026Raised $1.12B SEC EDGAR Form D
  3. May 7, 2026Raised $1B Series F at a $22B valuation TechCrunch
  4. May 7, 2026First reported run rate: $1.5B+ annualized revenue TechCrunch
  5. May 7, 2026New investor: Sequoia Capital TechCrunch
Earlier changes (6)
  1. May 7, 2026New investor: Coatue Management TechCrunch
  2. May 7, 2026New investor: Andreessen Horowitz TechCrunch
  3. May 7, 2026Valuation rose from $11B to $22B TechCrunch
  4. Dec 2, 2025Raised $1B Series E at a $11B valuation Kalshi
  5. Dec 2, 2025First reported valuation: $11B Kalshi
  6. Dec 2, 2025New investor: Paradigm Kalshi

Funding History

3 events · sources dated per row
DateEventAmountValuationInvestorsSource
Aug 25, 2026funding round$1.12B—
SEC EDGAR Form D
May 7, 2026Series F$1B$22BTechCrunch
Dec 2, 2025Series E$1B$11BKalshi
Funding timeline · 3 rounds · $3.1B tracked
$0.0M$627M$1.3B$1.0BSeries EDec 25$1.0BSeries FMay 26$1.1BRoundAug 26
Valuation over time
$0M$12B$24B2025-122026-05
Underlying values
As ofValueMethodSource
May 7, 2026$22BReportedTechCrunch
Dec 2, 2025$11BDerivedKalshi

Investors

Latest Pulse

  1. Sydney Sweeney-Backed Novig Hits $2B ValuationNovig, the sports-only prediction market backed by Sydney Sweeney, raised new funding at a $2 billion valuation, quadrupling its February mark in about seven months.→
  2. Clarity Act Odds Jump After Trump Accepts Ethics LimitsBetting markets moved sharply after Senate Republicans released a Clarity Act draft with more than 120 changes, including new ethics provisions barring the president and Congress from sponsoring digital assets for payment, ahead of a September 15 cloture vote.→
  3. Polymarket Hires First CFO To Chase KalshiPolymarket named former Amazon finance chief Warren Jenson as its first-ever CFO, a governance milestone as the prediction market tries to close ground on regulated rival Kalshi.→
  4. Robinhood Takes Stakes In Crypto.com And OG.comRobinhood signed a multi-year prediction-markets deal with Crypto.com and took minority equity stakes in Crypto.com and its OG.com spinoff, priced off Crypto.com's $20 billion valuation from a July Citadel Securities investment.→
  5. Polymarket Raises $1B at $21B, Adds Trump Jr.Polymarket is closing roughly $1 billion in new funding at a $21 billion valuation, with Donald Trump Jr.'s 1789 Capital putting in $300 million on top of an earlier $200 million check and Trump Jr. joining the company's advisory board.→
  6. Trump Brings Coinbase, Ripple, Kalshi to the White HousePresident Trump will host CEOs from Coinbase, Ripple, Gemini, Robinhood, Polymarket and Kalshi at the White House on August 19, alongside SEC and CFTC leadership, as odds of the CLARITY Act passing have collapsed from 82% to 19% this year.→
  7. Mark Zuckerberg Wants Meta to Launch Its Own Prediction MarketMark Zuckerberg is pushing Meta to build its own prediction market, according to TechCrunch, betting that the booming category -- popularized by Polymarket and Kalshi -- belongs inside Meta's social and advertising machine. The move would thrust Meta into a fast-growing but heavily scrutinized corner of online finance.→

Coverage Timeline

newest first
  1. Aug 15, 2026REGULATIONTrump Brings Coinbase, Ripple, Kalshi to the White House→

All Coverage

Value Add Research

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Kalshi FAQ

What is Kalshi's valuation?

Kalshi's valuation is $22B (As of May 7, 2026, TechCrunch).

Who are Kalshi's investors?

Kalshi's investors include Paradigm, Coatue Management, Andreessen Horowitz, Sequoia Capital, Hanwha Asset Management, and 3 more (As of May 7, 2026).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data · Suggest a correction