Kalshi CEO Tarek Mansour teased a potential initial public offering during a CNBC Squawk Box appearance, saying a company of its financial profile and growth rate naturally faces such questions. The Information reported that the prediction market is in talks for an IPO, though not until late next year or early 2028. Kalshi recently raised $1 billion in a Series F round at a $22 billion post-money valuation and has been building political ties, hiring former White House Policy Communications Director Jacki McGavick and former Meta Communications Director Dani Lever, while Donald Trump Jr. has served as a strategic advisor since January 2025. The platform drives more than $1.3 billion in annualized revenue from sports wagers, cutting into DraftKings' market share as its stock has fallen 30% this year.
DraftKings IncKalshi's sports wagering revenue is cutting into DraftKings' market share, and DraftKings stock has fallen 30% this year.
NVIDIA CorporationKalshi is reportedly in talks for an IPO, recently raised $1B at a $22B valuation, and has strong revenue growth.