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06/19 12:12Bullish

Kalshi IPO discussions emerge as monthly volume

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Kalshi IPO discussions emerge as monthly volume supasses $16 billion Kalshi has exceeded a $2 billion annualized revenue run rate as the prediction market operator has begun early discussions with investment banks about a potential initial public offering, according to a report from The Information. The Information, citing people familiar with the matter, reported that Kalshi has held informal talks regarding an IPO while continuing to post rapid business growth. The revenue figure represents a sharp increase from the $1 billion annualized run rate previously reported by The Wall Street Journal in March. A spokesperson for Kalshi declined to comment on the IPO discussions when contacted by The Block. Fresh interest in a public listing comes weeks after the company secured $1 billion in Series F funding at a $22 billion valuation. The round was led by Coatue and included participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest. Trading activity has continued to climb alongside that growth. Data from DeFiLlama showed Kalshi recorded $16.81 billion in trading volume during May, up from $14.81 billion in April. Competing platform Polymarket generated $7.08 billion in volume last month, compared with $9.01 billion a month earlier.
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