The Late Stage 50 · 2026 edition · #14 of 50
Kalshi
CFTC-regulated exchange where people trade on the outcome of future events (event contracts).
The figure
- Revenue
- more than $2 billion
- In US dollars
- US$2.0bn+
- Standing
- reported
- Published
- 15 June 2026
- Evidence
- Growth
- —
Context
- Founded
- 2018
- Headquarters
- New York, United States
- Sector
- Fintech
- Website
- kalshi.com
- Valuation
- US$22bn
- Status
- Private as of 17 October 2026
Market context
- Forge Price
- $970.53 per share
- Forge valuation
- $36.4B
- Last round · Forge
- Series G (09/17/2026): $1,066.38 per share, $40B post-money valuation, $1.1B raised
- Clarity Price
- $965.67 per share
- Last round · Clarity
- Series G (August 2026): $40B post-money, $1,066.38 per share, $1.1B raised
Secondary-market indications are published by Forge Global and Clarity (formerly Hiive) on the dates shown; ratings and margins marked “estimate” are a third party's estimates as reported by the named outlet. None is an offer, and none is part of the ranking.
Investing Platform
Late-stage access for wholesale investors.
Investing Platform presents late-stage private companies to wholesale investors. This profile is a factual reference and not an offer.
See late stage on Investing PlatformReferences
Every figure on this page, by source.
- 1The Block · 15 June 2026www.theblock.co/post/406061/kalshi-40-billion-valuation
- 2kalshi.comkalshi.com/about
- 3Kalshi Newsnews.kalshi.com/p/kalshi-raises-1-billion-22-billion-valuation-institutional-demand-surges
- 4status check · 17 Oct 2026data.sec.gov/submissions/CIK0001806928.json
- 5Forge Global · 17 Oct 2026forgeglobal.com/kalshi_stock/
- 6Clarity (formerly Hiive) · 17 Oct 2026www.clarity.com/browse-companies/kalshi-stock
Every link was opened on 17 October 2026 and the figure read on the page. Secondary-market indications, where shown, are provided by Forge Global and Clarity (formerly Hiive), are not offers, and play no part in the ranking.