Kalshi Inc.

Founded in 2018 by Tarek Mansour and Luana Lopes Lara and based in New York, US, Kalshi Inc. operates as a CFTC-regulated financial exchange specializing in event-based trading. The platform enables users to buy yes-or-no contracts on the outcomes of real-world events—ranging from economic indicators and political developments to sports and weather forecasts. Kalshi’s mission is to empower individuals and institutions to hedge risks and capitalize on predictions through a new asset class called event contracts.

In March 2026, Kalshi Inc. raised approximately USD 1 billion in venture funding led by Coatue Management. The funding values Kalshi at USD 22 billion post-money. Kalshi operates a pioneering prediction market platform that enables users to trade on the outcomes of future events, covering a wide range of categories including politics, economics, and sports.

Users can create and engage in markets that reflect their expectations, facilitating real-time price discovery of event probabilities. The platform supports a diverse clientele, including retail investors, professional traders, and organizations looking to leverage predictive insights for better decision-making, primarily serving the US market. Kalshi generates revenue through transaction fees associated with trades on its prediction market platform. As users engage in trading, they incur fees based on transaction volume and frequency, establishing a steady stream of income as contracts representing predictions on future events are bought and sold.

The structure is focused on direct transactions between Kalshi and its clients, enhancing its position as a facilitator of market insights.