Prediction Market Kalshi Eyes IPO as Revenue Hits $2 Billion

Kalshi, a U.S. prediction market platform, is in early-stage IPO discussions after annualized revenue surged to $2 billion, driven by increased trading volumes and a $1 billion Series F funding round at a $22 billion valuation. The company dominates 90% of the U.S. market and plans institutional expansion ahead of a potential 2027–2028 IPO.