Kalshi in early IPO talks with investment banks: report
The prediction market platform is reportedly exploring a public listing after surpassing $2 billion in annualized revenue as sports contracts face mounting legal scrutiny.
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Kentucky Attorney General Russell Coleman has filed lawsuits against Polymarket, Kalshi, and Coinbase-linked prediction market activity, alleging unlicensed sports betting.
Read full articleThe prediction market platform is reportedly exploring a public listing after surpassing $2 billion in annualized revenue as sports contracts face mounting legal scrutiny.
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Kalshi has exceeded a $2 billion annualized revenue run rate as the prediction market operator has begun early discussions with investment banks about a potential initial public offering, according to a report from The Information. The Information, citing people familiar…
Pierre Lindh, co-founder of iGaming media group Next.io, says Sportradar’s data deal with Kalshi is another step toward legitimizing prediction markets – but argues the sector’s insider-trading problem may be structurally impossible to fix. Sportradar ‘Takes Sides’ In Industry Standoff When Sportradar agreed to supply official data and integrity tooling to Kalshi this month, the […]
Polymarket World Cup market tops $2.66B as CFTC drafts new event-contract rules; sportsbooks face crypto-native rivals during football’s biggest month.