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Today — 29 October 2026Main stream

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

✇NYT - Business
By: Lauren McCarthy
29 October 2026 at 11:45
The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.

© Jeenah Moon/Reuters

Tarek Mansour, the C.E.O. of Kalshi, said there had “been discussions” about a public offering for the company.

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

✇NYT - Business
By: Lauren McCarthy
29 October 2026 at 11:45
The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.

© Jeenah Moon/Reuters

Tarek Mansour, the C.E.O. of Kalshi, said there had “been discussions” about a public offering for the company.
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