Kalshi is not publicly traded. It's a private company backed by venture capital, and there's no way to buy Kalshi stock on public markets. No IPO has been announced as of January 2026.
Who Owns Kalshi?
Kalshi is privately held with ownership split between:
- Founders: Tarek Mansour and Luana Lopes Lara hold significant equity
- Venture investors: Sequoia Capital (led Series A), Y Combinator, and others
- Angel investors: Including Henry Kravis and Charles Schwab
- Employees: Equity compensation via stock options
Company Valuation
Kalshi's exact valuation isn't public, but based on funding rounds:
- 2021 Series A: Raised $30M led by Sequoia Capital
- Estimated valuation: Likely $100M-$300M range (unconfirmed)
- Revenue model: Trading fees from bid-ask spreads
- Growth trajectory: Expanding user base and market offerings
Will Kalshi Go Public?
No IPO has been announced. For a Kalshi IPO to happen:
- Years away: Company needs more scale and profitability
- Regulatory clarity: Prediction market regulations must stabilize
- Market conditions: IPO markets need to be favorable
If Kalshi does go public, it would likely be 2028+ at the earliest.
How to Invest in Kalshi
Options for investing in Kalshi are limited:
- Not available: Can't buy stock on public markets
- Private investors only: Venture capital firms and accredited investors in funding rounds
- Employee equity: Joining Kalshi as an employee with stock options
- Indirect exposure: Some VC funds that hold Kalshi might be accessible to limited partners
For most retail investors, there's no way to invest in Kalshi directly.
How to Get Prediction Market Exposure
If you want exposure to prediction markets:
- Trade on Kalshi: Participate in markets directly (not equity investment)
- Related companies: None are pure-play prediction market companies
- Wait for IPO: If Kalshi goes public in the future
Bottom Line
Kalshi is not publicly traded and you cannot buy stock. It's a private, VC-backed company with no announced IPO plans. The only way to participate is by trading on their platform, not by investing in the company itself.