During an interview on CNBC's 'Squawk Box,' Kalshi's CEO Tarek Mansour confirmed that the company is in the early stages of planning for a potential IPO, although he clarified that it will not happen in 2026. Mansour emphasized that given Kalshi's financial profile and growth rate, discussions about going public are necessary.
The company was valued at $2 billion at the end of June 2025, and a recent Series F funding round raised its valuation to $22 billion. This growth is largely attributed to the interest from retail users, but Kalshi is now focusing on appealing to institutional traders.
To facilitate this shift, the company is addressing concerns about insider trading by implementing measures such as enhanced verification processes and legal actions against individuals violating trading integrity. Mansour acknowledged the challenges of maintaining market integrity but expressed confidence in overcoming them.
The Information previously reported that a listing could be expected as late as 2027 or 2028, indicating that while Kalshi is planning for an IPO, it is still in the preliminary stages