- Kalshi held talks with investment banks about an IPO.
- The company also plans integrations with institutional clients of potential advisers.
- Kalshi's financial metrics and product basket are growing.
Event-contract trading platform Kalshi has held talks with several investment banks about conducting an IPO. This is reported by The Information, citing its sources.
The publication stressed that the talks are preliminary and informal in nature. Also, according to sources, the discussions touch on a potential partnership between Kalshi and the banks and the offering of its products and services to their institutional clients.
For now, this process is at an early stage. The likely timing of the IPO is the end of 2027 or the beginning of 2028.
The company's interest in a listing arose amid a sharp jump in financial metrics. In particular, according to the publication, Kalshi's annual revenue exceeded $2 billion.
According to Dune Analytics, in May the monthly trading volume on the platform reached $17.9 billion. In June the figure currently stands at $11.95 billion.
Not counting the current month, there has not been a single drawdown on the chart since September 2025.
At the same time, most of it comes from sporting events. Recall that Kalshi became a partner of the U.S. National Hockey League.
In May 2026 the platform raised $1 billion at a valuation of $22 billion. Since the beginning of 2025 the company has closed four large rounds.
In addition, the platform launched perpetual futures on bitcoin and a number of other crypto assets. These contracts received approval from the U.S. Commodity Futures Trading Commission (CFTC), but drew criticism from CME Group, the operator of the Chicago Mercantile Exchange.
All of this indicates that Kalshi continues to scale and its metrics are growing. Given this, the option of the company going public seems likely.
Source: Incrypted
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