Kalshi in early IPO talks with investment banks: report

Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff writerWritten by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff writerKalshi in early IPO talks with investment banks: reportLatest NewsPublishedJun 19, 2026The prediction market platform is reportedly exploring a public listing after surpassing $2 billion in annualized revenue as sports contracts face mounting legal scrutiny.Prediction market Kalshi is reportedly in early, informal talks with investment banks about an initial public offering (IPO), despite increasing regulatory scrutiny over sports betting contracts on these platforms.Kalshi is in early-stage talks to go public via an IPO after the platform surpassed $2 billion in annualized revenue, unidentified sources familiar with the matter told news outlet The Informant, according to a Friday report.A spokesperson for Kalshi declined to comment on the matter.The reported IPO discussions come as sports betting contracts account for more than half of Kalshi's weekly notional trading volume, even as those markets face mounting legal challenges from US states.Sports betting contracts were the leading category on Kalshi, representing about 53% of its weekly notional trading volume, according to Dune data. Sport-related betting was also the leading category on Polymarket, accounting for about 69% of its weekly trading volume.Kalshi doubled its valuation to reach $22 billion after closing a $1 billion Series F funding round led by Coatue Management, Cointelegraph reported on May 7.Kalshi weekly notional volume by category. Source: DuneUS regulators are cracking down on sports-related prediction market contractsKentucky became the latest state to sue five prediction markets, including Kalshi and Polymarket, accusing them of “operating unlicensed and illegal sports betting and gambling platforms,” Cointelegraph reported on Thursday.Related: Polymarket users cry foul after Strategy sale market resolves to ‘no’At least 17 other states have taken pred…

Kalshi in early IPO talks with investment banks: report

Related stories

Binance can serve Philippine traders under SEC framework, BlockShoals says

Anime Girls Could Steal Your Crypto as Wallpaper Malware Targets Steam Gamers

Binance’s MiCA fight raises questions over ECB influence