Kalshi Eyes IPO Path After Surging to Over $2B in Annualized Revenue
Kalshi, an eight-year-old prediction-market platform, surpassed $2 billion in annualized revenue driven by sports-event bets (NBA and World Cup), prompting informal talks with investment banks about a future public offering; Kalshi is exploring bank integrations to reach institutional clients, but a listing is not expected until late next year or 2028.