Is Kalshi going public?
The Information leaked that the prediction market platform Kalshi has surpassed $2 billion in annual revenue and is in early, informal IPO talks with several investment banks.
This figure is quite interesting. A year ago, Kalshi was still in a legal battle with the CFTC fighting for legitimacy, and now it has crossed the $2 billion revenue threshold—driven by a double whammy of election cycles and sports event predictions.
The implications for the crypto space are worth pondering:
Polymarket is taking the on-chain route, while Kalshi is going the compliant route; both paths are now validated. If Kalshi really does IPO, it will be the first time traditional capital markets put a valuation on the "prediction market" category—will this be a boon or a valuation anchor for Web3 native players like Polymarket? The suspense is thick.
Additionally, Kalshi has previously accepted Bitcoin deposits, so the narrative around on-chain prediction markets might see a new wave of interest by 2026.
#Kalshi #预测市场 #IPO
The Information leaked that the prediction market platform Kalshi has surpassed $2 billion in annual revenue and is in early, informal IPO talks with several investment banks.
This figure is quite interesting. A year ago, Kalshi was still in a legal battle with the CFTC fighting for legitimacy, and now it has crossed the $2 billion revenue threshold—driven by a double whammy of election cycles and sports event predictions.
The implications for the crypto space are worth pondering:
Polymarket is taking the on-chain route, while Kalshi is going the compliant route; both paths are now validated. If Kalshi really does IPO, it will be the first time traditional capital markets put a valuation on the "prediction market" category—will this be a boon or a valuation anchor for Web3 native players like Polymarket? The suspense is thick.
Additionally, Kalshi has previously accepted Bitcoin deposits, so the narrative around on-chain prediction markets might see a new wave of interest by 2026.
#Kalshi #预测市场 #IPO