Kalshi
PrivateLast Round
Growth Equity
Aug 13, 2026
Est. Valuation
$40B
Total Funding Raised
$2.8B
Momentum
Top 1%
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™
$588.79
per share, as of May 2026
+316.2%
7-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 | 91% | |
| Interactive Brokers | 80% | |
| Crypto.com | 78% |
Kalshi Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Growth Equity | Aug 13, 2026 | ||||
| Series F Extension | May 22, 2026 | ||||
| Series F | May 7, 2026 | ||||
| Series E Extension | Apr 9, 2026 | ||||
| Series E | Dec 2, 2025 | ||||
Series D | Oct 10, 2025 |
Secondary Market Activity
Bids, offers, and trades by month
| Operation | Date | Price | Size | Share Class | Structure |
|---|---|---|---|---|---|
BID | |||||
OFFER | |||||
OFFER | |||||
OFFER | |||||
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 |
| Human Capital | Series A |
| A16z Cultural Leadership Fund | Series E Extension |
| Multicoin Capital | Series C |
| Neo | Convertible Debt, Seed, Series C, Series A |
| SV Angel | Series A |
| Paradigm | Series D, Series F, Series C, Series E |
Market signals
Structured signals derived from secondary market and firmographic data.
- Aug 13, 2026
$750M round led by Sequoia Capital and Wellington Management.
- Jun 19, 2026
Annualized revenue surpassed $2 billion as of June 2026.
Recent news
Latest coverage and updates
- has_issues_withSep 25, 2026
Kalshi had issues with race-swapping incident on Sep 1st '26.
- attends_eventSep 25, 2026
Kalshi attended event Financial Markets Policy Conference 2026 on Sep 23rd '26.
- has_issues_withSep 24, 2026
Kalshi had issues with trademark infringement on Sep 24th '26.
- launchesSep 24, 2026
Kalshi launches Spanish-language version.
- has_issues_withSep 24, 2026
Kalshi had issues with illegal gambling operation on Jul 1st '26.
Kalshi Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessAppears On
Curated lists and screens where this company is featured.
Frequently Asked Questions
Common questions about Kalshi's valuation, stock price, and market status.
Is Kalshi a public or private company?
Kalshi is a private company.
What is the current stock price of Kalshi?
Kalshi is a private company with no public stock price. Caplight tracks Kalshi's secondary market activity and provides MarketPrice™ estimates to Caplight users.
How much is Kalshi worth (valuation)?
Kalshi's valuation is estimated at $22.0B based on funding round data.
Can I buy Kalshi stock?
Kalshi shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.
When was Kalshi's last funding round?
Kalshi's most recent funding round was Series F on May 7, 2026.
Who are the main investors in Kalshi?
Key investors in Kalshi include Andreessen Horowitz, Paradigm, Sequoia Capital, Y Combinator, Coatue Management.
Will Kalshi IPO soon?
No public IPO plans have been announced for Kalshi.
How can I track Kalshi secondary market activity?
Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Kalshi's secondary market activity and sign up for updates.