Kalshi CEO Defers IPO Plans Despite $2 Billion Revenue Surge

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2026-06-25 13:49:01

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Prediction market operator Kalshi will delay its public offering until at least late 2027, CEO Tarek Mansour confirmed, despite achieving a $2 billion annualized revenue run rate and a $22 billion private valuation. The company's revenue has nearly tripled since November 2025, driven primarily by sports prediction contracts tied to major events like the NBA playoffs and FIFA World Cup.

Monthly trading volume reached $16.81 billion in May 2026, with institutional activity growing 800% over six months. Kalshi's record $5.1 billion weekly volume during the World Cup underscores its dominance in the prediction market space. The deferral comes after the company raised $1 billion in May 2026, with investment banks already engaged in preliminary listing discussions.

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