Kalshi
PrivateLast Round
Series F
May 7, 2026
Est. Valuation
$22B
Total Funding Raised
$2.57B
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Kalshi is a financial services company that operates a CFTC-regulated prediction market exchange for trading event contracts on real-world outcomes.
Sector
FinTech
Verticals
Wagering Platforms, Investment Platforms, RegTech
Business Model
B2C
Customer Profile
Payment Processing Fee, Data as a Service, Marketplace Commission
AI Layer
Non-AI
Keywords
Price History
Caplight MarketPrice™ estimate for Kalshi, published with a 90-day delay.
Caplight MarketPrice™
$561.41
per share, as of April 2026
+296.8%
6-month change
Caplight MarketPrice™ is an estimate of private secondary market pricing, shown here on a delayed basis for illustrative purposes only. It may be incomplete, is subject to change, and may not be relied upon for any purpose or considered investment advice.
Kalshi Comparables
Compare Kalshi with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Polymarket | 93% | |
| Wealthsimple | 78% | |
| Interactive Brokers | 75% | |
Kalshi Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series F | May 7, 2026 | ||||
| Series E Extension | Apr 9, 2026 | ||||
| Series E | Dec 2, 2025 | ||||
| Series D | Oct 10, 2025 | ||||
| Series C | Jun 25, 2025 | ||||
Debt | Nov 1, 2024 |
Secondary Market Activity
Bids, offers, and trades by month
| Operation | Date | Price | Size | Share Class | Structure |
|---|---|---|---|---|---|
OFFER | |||||
OFFER | |||||
OFFER | |||||
BID | |||||
OFFER | |||||
BID |
Key People
Founding team and executive leadership
Kalshi Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Andreessen Horowitz | Series E, Series F, Series D |
| A16z Cultural Leadership Fund | Series E Extension |
| Multicoin Capital | Series C |
| Neo | Debt, Seed, Series C, Series A |
| SV Angel | Series A |
| Paradigm | Series D, Series F, Series C, Series E |
| Morgan Stanley | Series F |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 19, 2026
Annualized revenue surpassed $2 billion as of June 2026.
- Apr 28, 2026
Accused of violating state law with text message referral program.
Kalshi Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
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Appears On
Curated lists and screens where this company is featured.
Frequently Asked Questions
Common questions about Kalshi's valuation, stock price, and market status.