Kalshi
Kalshi is the first federally regulated exchange in the US, allowing users to trade contracts on real-world events.
Secondary Market Price
Secondary Market Price
Secondary Market Price Chart
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Company Description
Kalshi operates the first federally regulated exchange in the United States that allows users to trade on the outcomes of real-world events. Through its platform, traders use "event contracts" to take positions on a wide variety of topics with economic relevance, such as whether a bill will pass in Congress, what the US national debt will be, the results of sports events, or when a company will IPO. Founded in 2018 by Tarek Mansour and Luana Lopes Lara, the New York-based company gained regulatory approval from the Commodity Futures Trading Commission (CFTC) to create this novel market. Kalshi is backed by notable investors including Sequoia Capital, Charles Schwab, and Y Combinator.
The company is in a period of rapid expansion, described as a "hyper-scaling mode" with significant hiring across its departments. This growth follows a recent Series C funding round that raised $185 million at a $2 billion valuation. Kalshi has recently expanded its offerings and capabilities, now operating 24/7 and partnering with the PPA Tour to offer live Pickleball trading. The platform has seen substantial user engagement, crossing $2 billion in sports trading volume less than six months after launching the category, and it remains the only venue in the US where users can trade on IPOs before they happen.
- Sequoia Capital
- SV Angel
- Paradigm
- Multicoin Capital
- Charles Schwab
- Co-Founder, CEO Tarek Mansour
- Co-Founder, COO Luana Lopes Lara
Peer Group Comparison
Vs Peer Group of >$4B Startups
How Kalshi measures Up
To help you manage your Kalshi equity, Prospect has run the company through our machine learning model.
Prospect Rating
3x
Our analysis projects that Kalshi could be worth at least 3x its current value in four years. For a prospective employee, our 3x rating indicates the potential for your equity to triple in value, balanced by a moderate level of risk.
Exit Risk
Moderate Risk
Our moderate risk rating for Kalshi is based on its backing by top-tier investors, which points to a viable path to a liquidity event for employees, though one with more uncertainty than the lowest-risk startups.
Funding Stage
Series C
Kalshi's Series C funding shows they are a mature and successful company that's now in a major growth phase. This offers a sweet spot for employees: the security of a company that's already found its footing, combined with the exciting opportunities that come with rapid expansion.
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Kalshi worth joining?
Kalshi is a Series C fintech company backed by top investors like Sequoia Capital and Y Combinator, with a valuation between $1B and $3B. To determine if it's the right fit for you, platforms like Prospect can help you evaluate your potential equity and compare the opportunity against other high-growth startups.
What should I do with my Kalshi stock?
Since Kalshi is a private company, managing your equity involves understanding tax implications and timing for exercising options. Tools like Prospect are designed to help employees optimize their equity by providing tax-efficient strategies and scenario modeling for their stock options or RSUs.
Can you sell Kalshi stock?
As Kalshi is a private company, its stock is not traded on public exchanges like the NYSE or NASDAQ. Selling shares typically depends on company-approved secondary market transactions or tender offers, which may be infrequent.
How can I find the value of my Kalshi stock?
The value of private company stock is typically determined by the most recent 409A valuation or the price set during the latest funding round. Platforms like Prospect use comprehensive data, including fundraising history and secondary market prices, to help you project the potential worth of your equity.
What is Kalshi's equity worth?
Kalshi's most recent valuation places the company's total equity worth between $1 billion and $3 billion. This valuation is based on its Series C funding round and backing from prominent investors.
What is Kalshi's stock ticker symbol?
Kalshi is a privately held company and does not have a stock ticker symbol because its shares are not available for trading on public stock markets. A ticker symbol is only assigned when a company undergoes an Initial Public Offering (IPO).
Can I buy or sell Kalshi stock?
Since Kalshi is a private company, its stock is not available for purchase by the general public on open markets. Opportunities to buy or sell shares are typically limited to accredited investors during funding rounds or through specific, company-sanctioned secondary market transactions.
What is the criteria to buy or invest in Kalshi stock?
Investing in a private company like Kalshi is generally restricted to accredited investors and venture capital firms that participate in private funding rounds. These opportunities are not typically available to the general public, as evidenced by its backing from major VCs like Sequoia Capital and Y Combinator.
