# Kalshi

Regulated event prediction market exchange.

First regulated prediction market in the US allowing users to trade on event outcomes.

Canonical: https://uniquebase.ai/companies/kalshi
Stable identifier: UB-C3819
Snapshot captured: 2026-10-15T14:23:27.067Z
English updated: 2026-10-15T20:12:54.177Z

## Funding

Listed 1 record.
Latest: $1B (Series F), 2026-05-11.

- 2026-05-11 · $1B · Series F · Andreessen Horowitz, Coatue, Paradigm, Sequoia Capital · https://techcrunch.com/2026/05/07/kalshi-doubles-valuation-in-5-months-hitting-22-billion/
  > On 2026/5/11, TechCrunch reported that prediction market Kalshi raised USD 1 billion in Series F funding at a USD 22 billion valuation, reaching USD 1.5 billion in annualized revenue. (translated source brief)

## Valuation

Listed 1 record.
Latest: $22B (Series F), 2026-05-11.

- 2026-05-11 · $22B · Series F · Andreessen Horowitz, Coatue, Paradigm, Sequoia Capital · https://techcrunch.com/2026/05/07/kalshi-doubles-valuation-in-5-months-hitting-22-billion/
  > On 2026/5/11, TechCrunch reported that prediction market Kalshi raised USD 1 billion in Series F funding at a USD 22 billion valuation, reaching USD 1.5 billion in annualized revenue. (translated source brief)

## Revenue

Listed 5 records.
Latest: over $4B (ARR), 2026-08-16.

- 2026-08-16 · over $4B (ARR) · https://www.theinformation.com/articles/kalshi-tops-4-billion-annualized-revenue-seeks-40-billion-valuation
  > On 2026/8/16, ARR Club's weekly report excerpted an earlier report that Kalshi's annualized transaction fee revenue exceeded USD 4 billion. This is a revenue run rate, rather than subscription ARR or realized full-year revenue. The weekly report did not list the original report link separately. (translated source brief)
- 2026-08-12 · over $4B (ARR) · https://www.theinformation.com/articles/kalshi-tops-4-billion-annualized-revenue-seeks-40-billion-valuation
  > On 2026/8/12, The Information reported that prediction market platform Kalshi exceeded USD 4 billion in annualized trading fee revenue, approximately twice its level two months earlier. This was not subscription ARR. (translated source brief)
- 2026-07-06 · over $2B (annualized) · https://www.theinformation.com/articles/kalshi-passes-2-billion-annualized-revenue-early-ipo-talks
  > On 2026/7/6, The Information reported that US prediction market exchange Kalshi exceeded USD 2 billion in annualized revenue and began informal discussions of a potential IPO, with growth driven by increased trading volume and user scale. (translated source brief)
- 2026-05-11 · $1.5B (annualized) · Series F · Andreessen Horowitz, Coatue, Paradigm, Sequoia Capital · https://techcrunch.com/2026/05/07/kalshi-doubles-valuation-in-5-months-hitting-22-billion/
  > On 2026/5/11, TechCrunch reported that prediction market Kalshi raised USD 1 billion in Series F funding at a USD 22 billion valuation, reaching USD 1.5 billion in annualized revenue. (translated source brief)
- 2026-03-21 · $1.5B (ARR) · https://www.wsj.com/articles/kalshi-cinches-22-billion-valuation-in-ongoing-round-194007ac
  > On 2026/3/21, The Wall Street Journal reported that prediction market platform Kalshi reached USD 1.5 billion in annual recurring revenue while pursuing a high-valuation funding round at USD 22 billion. (translated source brief)

## Team

No published team profiles are linked yet.

## Products

No published products profiles are linked yet.

## Investors

- [Andreessen Horowitz](/institutions/andreessen-horowitz)
- [Coatue](/institutions/coatue)
- [Paradigm](/institutions/paradigm)
- [Sequoia Capital](/institutions/sequoia-capital)

## Sources

- No source links are available for this profile.