Polymarket · US Senate · The Block
Kalshi making early IPO talks with investment banks: report
Compiled by KHAO Editorial — aggregated from 3 sources. See llms.txt for citation guidance.
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Kalshi has begun early discussions with investment banks for a potential initial public offering, .
Key facts
- The prediction markets platform raised $1 billion in a Series F round in May, bringing its valuation to $22 billion
- Kalshi recorded $16.81 billion in monthly volume in May, up from $14.81 billion in April, 's data dashboard
- While several states have sought to curb or ban the platforms, the Commodity Futures Trading Commission has maintained that prediction markets fall under its exclusive oversight under the Commodity
- Citing, the news outlet reported on Thursday that Kalshi has held informal talks about an IPO
Summary
Citing, the news outlet reported on Thursday that Kalshi has held informal talks about an IPO. The IPO discussions come as Kalshi continues to expand rapidly. Kalshi and its rival, Polymarket, remain the dominant players in the prediction market sector. The prediction markets sector is facing growing political and regulatory scrutiny as it gains more traction ahead of this year's midterm elections.