PYMNTS
19 Jun 2026, 19:45 UTC · 2h ago
Prediction Market Kalshi Eyes IPO as Revenue Triples to $2 Billion
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
PYMNTS
19 Jun 2026, 19:45 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
5 claims · each scored for market impact
Kalshi's annualized revenue has tripled since November to reach $2 billion. — Rapid revenue scaling demonstrates strong product-market fit and commercial viability for the prediction market sector.
+0.60Kalshi was valued at $22 billion in a May Series F funding round, doubling its valuation from five months prior. — A massive jump in private valuation signals high investor confidence in the scalability of event contracts.
+0.50Kalshi is in early-stage informal talks with investment banks regarding an eventual IPO in late 2027 or 2028. — While the timeline is distant, the intent to go public provides a future liquidity event and a benchmark for the industry.
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Kalshi is encouraging investment banks to integrate their platforms so institutional clients can trade on its prediction markets. — Institutional adoption would transition prediction markets from niche betting to a systemic financial hedging tool.
Bernstein expects total prediction market volumes to reach $1 trillion by 2030, up from an estimated $240 billion this year. — This projection indicates a significant long-term expansion of the addressable market for event-based trading.
+0.20Which stocks this story touches
The article mentions that Instacart's agentic AI assistant is driving larger grocery orders.
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