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Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

What's happening

SignalsMonitor is following this as a markets story. New York Times Business is the outlet attached so far. The first report grouped here was at 29 Oct 2026, 11:45 UTC. The headline in use is “Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?”. This note is SignalsMonitor's own briefing, not the publisher's article.

What we know

The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.

New York Times BusinessRead at New York Times Business

Story timeline

Reports grouped into this story, earliest first. Exact repeats from the same outlet are collapsed.

Reported by 1 outlet

  • The New York Times