Kalshi
Regulated event-contract prediction market exchange
Kalshi is a federally regulated exchange that specializes in trading outcomes of future events. Founded in 2018 by Tarek Mansour and Luana Lopes Lara, the company operates as a Designated Contract Market approved by the Commodity Futures Trading Commission. Kalshi offers event contracts, allowing users to buy "Yes" or "No" positions on various events, including economic indicators, political events, and cultural developments.
The platform serves both retail and institutional traders, enabling them to hedge risks and express their views on future occurrences. As of December 2023, Kalshi has over 300 regulated markets with more than 120 million contracts traded. The company has experienced significant growth in trading volume, reaching approximately $20 million monthly by mid-2023. With around 224 employees and headquartered in New York, Kalshi has raised about $265 million in funding, achieving a valuation of $11 billion by December 2025.