Kalshi

Active#10 in United States

Estimated valuation · Prediction markets · United States

Operates a federally regulated exchange where retail and institutional users trade event contracts on outcomes in politics, sports, economics, weather and culture.

Fintech›prediction markets kalshi.com

Founded2018

HQNew York

RaisedUSD 2.5bn+

Last roundSeries G · Oct 2026

Country of originUnited StatesListed in the United States ranking

Where would you invest?United StatesJurisdiction as cited by the ranking

Estimated valuation

AI · United States ranking

≈ USD 40bnUSD 32–50bn · Decacorn

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Series G · USD 1bn · Oct 2026
Published valuation: USD 40bn · Oct 2026
AI adjustment: None

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
United States · all sectors	Top 100	#10	Edition 0 · October 2026	1 Jan 2027

Rank historyOct 2026 · #10First edition: no movements yet.

Funding history

USD 2.5bn+ raised in total

Date	Round	Amount	Type	Investors
Oct 2026	Series G	USD 1bn	Equity	Sequoia Capital, Wellington Management, Baillie Gifford, Coatue, Andreessen Horowitz, Morgan Stanley, CapitalG

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of Kalshi as a PDF. It must answer at least one of these four questions, and stick to them:

AI valuation: $40BUndervalued or overvalued?

Versus competitorsHow does it compare?

Who should acquire itStrategic buyers, and why

Who should it acquireAcquisition targets, and why

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What the AI reads

Read by the AI at the next edition.

Comparable companies in United States

Full United States ranking →

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Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.