Kalshi company
Overview
Kalshi is a US-based event-contract exchange (prediction market) that lets users trade binary contracts on the outcomes of future events, including sports, politics, economics and weather. It was founded in San Francisco in 2018 by Tarek Mansour and Luana Lopes Lara, and launched publicly in July 2021. In November 2020 it obtained a CFTC licence as a designated contract market, making it the first federally regulated venue for trading directly on event outcomes; contracts settle to cash at $1 or $0 depending on the resolved outcome. Sports dominate the business: per Wikipedia, sports comprised over 90% of site activity and 89% of 2025 revenue. Kalshi's valuation reached $11 billion in a March 2026 round and $22 billion in a May 2026 round led by TCV. It remains operational and is the underlying exchange for Robinhood's Prediction Markets Hub. Kalshi sued the CFTC in 2023 after the agency rejected its congressional-control contracts, and a DC District Court ruled in 2024 that the CFTC had overstepped, allowing Kalshi to relaunch election betting. From 2025 it became infrastructure for Robinhood's prediction markets and partnered with CNN and CNBC. Multiple states (including Massachusetts, Michigan, Arizona, Nevada, Ohio, Washington, Wisconsin and Minnesota) have sued alleging illegal gambling, with the federal government countersuing to preserve CFTC jurisdiction. In May 2026 the US Senate barred members and staff from betting on prediction markets.
Within the DeFi Intel graph, Kalshi connects to 15 tracked entities, most strongly to Pyth Network, Polymarket, CFTC.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 15 total).
| Relation | Connected entity | Confidence |
|---|---|---|
partnered_with | Pyth Network | 95% |
competitor-of | Polymarket | 95% |
regulated_by | CFTC | 95% |
licensed_by | CFTC | 95% |
founded_by | Tarek Mansour | 95% |
founded_by | Luana Lopes Lara | 95% |
founded | Tarek Mansour | 95% |
founded | Luana Lopes Lara | 95% |
headquartered_in | United States | 85% |
invested_in | Union Square Ventures | 85% |
Frequently asked questions
What is Kalshi?
Kalshi is a prediction_markets tracked in the DeFi Intel knowledge graph. It is connected to 15 other tracked entities, most strongly to Pyth Network, Polymarket, CFTC.
What type of entity is Kalshi?
Kalshi is classified as a prediction_markets (company) in the DeFi Intel knowledge graph.
What is Kalshi connected to?
In the DeFi Intel knowledge graph, Kalshi is linked to 15 other tracked entities, most strongly to Pyth Network, Polymarket, CFTC.
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