Kalshi
KA
Kalshi operates a CFTC-regulated exchange for event contracts, a type of derivatives product based on the outcome of real-world events. Users trade yes-or-no markets across topics such as politics, economics, weather, sports, and culture. Its main differentiator is CFTC regulation in the U.S.
Founded by Tarek Mansour. (CEO, Founder), Luana Lopes Lara (Founder)
Blended valuation$30.1B$33.9B secondary
Valuation history
Weekly blended valuation with priced funding rounds marked on the timeline.
$43.2B
blended valuationfunding round
May 31, 2021$0Oct 5, 2026
All rounds
15 funding rounds, newest first.
| Round | Announced | Raised | Post-money |
|---|---|---|---|
| Series F+ | Sep 17, 2026 | $1.1B | $40B |
| Series F+ | May 8, 2026 | $1B | — |
| Series F | May 7, 2026 | $1.2B | $22B |
| Series E | Apr 9, 2026 | $4.7M | $11B |
| Series E | Nov 20, 2025 | $1B | $11B |
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Investors
68 investors across all rounds.
- SCSequoia Capital
- YCY Combinator
- AHAndreessen Horowitz
- GFGlobal Founders Capital
- PAParadigm
- CACapitalG
- FAFactory
- COCoatue
- NENeo
- HKHenry Kravis
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Secondary market activity
Recent buy and sell interest for Kalshi shares on the secondary market.
| Kind | Implied valuation | Price / share | Date |
|---|---|---|---|
| $36.1B | $962.36 | Oct 6, 2026 | |
| $30.8B | $320.76 | Oct 6, 2026 | |
| $36.1B | $962.36 | Oct 5, 2026 |
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Data as of Oct 15, 2026. Valuations are estimates blended from primary and secondary-market signals — not investment advice.