Kalshi
PrivateLast Round
Series G
Oct 29, 2026
Est. Valuation
$40B
Total Funding Raised
$3.84B
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Kalshi is a fintech company that operates a federally regulated prediction market exchange for trading event contracts on real-world outcomes.
Sector
FinTech
Verticals
Investment Platforms, Financial Data, RegTech
Business Model
B2C
Customer Profile
Marketplace Commission, Payment Processing Fee, Data as a Service
AI Layer
Application
Keywords
Price History
Caplight MarketPrice™ estimate for Kalshi, published with a 90-day delay.
Caplight MarketPrice™
$846.02
per share, as of July 2026
+498.0%
9-month change
The most recent months of MarketPrice™ are available to Caplight clients.
Caplight MarketPrice™ is an estimate of private secondary market pricing, shown here on a delayed basis for illustrative purposes only. It may be incomplete, is subject to change, and may not be relied upon for any purpose or considered investment advice.
Kalshi Comparables
Compare Kalshi with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Polymarket | 92% | |
| Robinhood | 83% | |
| Crypto.com | 82% |
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Kalshi Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series G | Oct 29, 2026 | ||||
| Series F Extension | May 22, 2026 | ||||
| Series F | May 7, 2026 | ||||
| Series E Extension | Apr 9, 2026 | ||||
| Series E | Dec 2, 2025 | ||||
Series D | Oct 10, 2025 |
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Secondary Market Activity
Bids, offers, and trades by month
| Operation | Date | Price | Size | Share Class | Structure |
|---|---|---|---|---|---|
TRADE | |||||
OFFER | |||||
OFFER | |||||
OFFER | |||||
OFFER | |||||
OFFER |
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Key People
Founding team and executive leadership
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Kalshi Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Andreessen Horowitz | Series E, Series G, Series F, Series D |
| Human Capital | Series A |
| A16z Cultural Leadership Fund | Series E Extension |
| Balyasny Asset Management L.P. | Series G |
| Multicoin Capital | Series C |
| Neo | Convertible Debt, Seed, Series C, Series A |
| SV Angel | Series A |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 29, 2026
Annualized revenue from non-sports markets surpassed $1 billion.
- Aug 13, 2026
$750M round led by Sequoia Capital and Wellington Management.
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Kalshi Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Appears On
Curated lists and screens where this company is featured.
Frequently Asked Questions
Common questions about Kalshi's valuation, stock price, and market status.
Is Kalshi a public or private company?
Kalshi is a private company.
What is the current stock price of Kalshi?
Kalshi is a private company, so its shares have no public market price. Caplight tracks Kalshi's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Kalshi worth (valuation)?
Kalshi's valuation is estimated at $40.0B based on funding round data.
Can I buy Kalshi stock?
Kalshi shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Kalshi's last funding round?
Kalshi's most recent funding round was Series G on October 29, 2026.
Who are the main investors in Kalshi?
Key investors in Kalshi include Andreessen Horowitz, Paradigm, Sequoia Capital, Y Combinator, Wellington Management.
Will Kalshi IPO soon?
No public IPO plans have been announced for Kalshi.
How can I track Kalshi secondary market activity?
Caplight tracks bids, offers, and trades in Kalshi's shares on secondary markets.