Kalshi, a CFTC-regulated prediction market, grew from 35-40 to 150-170 employees in approximately one year, with 130 of its 170 staff reporting directly to its two co-founders. The company’s valuation climbed from $5 billion in late 2025 to $22 billion by mid-2026, with ongoing funding discussions potentially reaching $40 billion and analyst projections as high as $42.1 billion. Sports contracts account for 65-75% of the platform’s volume, which runs into billions weekly. In 2024, Kalshi won a key legal case against its regulator the CFTC, expanding the range of event contracts it could list. The company has also launched tokenized event contracts on the Solana blockchain.
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