Kalshi eyeballs IPO after surpassing $2B in annualized revenue: report (KALSHI:Private)
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11 Articles
The New York Ledger
BITRSSKalshi in Early IPO Talks with Investment Banks: Report
Prediction market Kalshi is reportedly in early, informal talks with investment banks about an initial public offering (IPO), despite increasing regulatory scrutiny over sports betting contracts on these platforms. Kalshi is in early-stage talks to go public via an IPO after the platform surpassed $2 billion in annualized revenue, unidentified sources familiar with the matter told news outlet The Informant, according to a Friday report. A spokes…
Kalshi Eyes IPO at $2 Billion Revenue Mark While Sports Contracts Draw Legal Fire
Kalshi wants to go public. The prediction market platform has crossed $2 billion in annualized revenue and is now in… Read the original on Kalshi Eyes IPO at $2 Billion Revenue Mark While Sports Contracts Draw Legal Fire. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Key points of the news: Kalshi initiated preliminary discussions with investment banks for a possible stock market outlet, according to The Information. The predictive market platform exceeded $2 billion in annualized revenue and reached a $22 billion valuation. Kentucky joined the states that sued Kalshi for allegedly operating unlicensed sports betting platforms. Kalshi, the predictive market platform that closed a $1 billion Series F round in…
Kalshi Reportedly in Early IPO Talks With Investment Banks
Prediction market platform Kalshi is reportedly in early, informal discussions with investment banks about pursuing an initial public offering (IPO), according to sources cited by The Information. The report comes as regulators in the United States intensify scrutiny of sports-related contract trading on prediction market platforms. Separately, Kalshi’s business momentum appears to be tied closely to sports betting contracts. Dune data indicates…
Kalshi denies Banks and Ireland Indiana probe amid insider trading scrutiny
Kalshi is pushing back against a report that said the prediction-market platform was investigating U.S. Sen. Jim Banks and Indiana State Rep. Andrew Ireland over alleged insider trading connected to Indiana’s Secretary of State race. Robert Denault, the company’s head of enforcement and legal counsel, said that claim is wrong and stated that Kalshi has not found evidence of suspicious activity in the market cited by the report. This is false. K…
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