POPA ReconKalshi Tops $2B Annualized Revenue and Eyes an IPO
Kalshi Tops $2B Annualized Revenue and Eyes an IPO Prediction-market platform Kalshi has crossed $2B in annualized revenue, roughly 3x since November, and has opened early, informal IPO talks with investment banks. The surge was driven by traders betting on the World Cup, fresh off a $1B Series F that valued Kalshi at $22B. It comes fresh off a $1 billion Series F that valued Kalshi at $22 billion, backed by Coatue, Sequoia, a16z and ARK — with any IPO still likely a year or more away amid state-level legal fights. 👉 theblock.co/post/405369
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