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KALSHI
Kalshi
Prediction markets / event contracts · New York City · United States · Founded · 2018 · ≈ · 560 · employees

Kalshi Valuation: $22B After the May 2026 Series F

Private

Kalshi was last valued at $22B (post-money). It comes from the $1.1B Series F of May 2026. The company is private, so there is no listed share price.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Kalshi valuation · at a glance
Last valuation
$22B
POST-MONEY · MAY 2026
Lead investors
7
across 10 rounds
Raised across rounds
$3.6B
10 rounds
Date of last round
May 2026
closed 7 May 2026
Valuation history

How the Kalshi valuation has moved

4 valuations. The latest, $22B post-money, was set by the Series F in May 2026.

$22B
Jun 2025
$2B
Series C · post-money
Oct 2025
$5B
Series D · post-money
+150% vs prior valuation
May 2026
$22B
Series (TCV-led) · post-money
+340% vs prior valuation
May 2026
$22BLATEST
Series F · post-money
+0% vs prior valuation
Latest valuation
$22Bpost-money
Set by the Series F · 7 May 2026
×11.0since the $2B Series C in Jun 2025
Valuations
4
Priced rounds with a valuation
Event type
Primary round
The Series F · $1.1B raised
Undated: Series E at $11B (post-money).
Funding rounds

Kalshi rounds and the valuation each one set

10 rounds
Round
Date
Amount
Valuation
Basis
Series F LATEST
7 May 2026
$1.1B
$22B
POST-MONEY
Series (TCV-led)
1 May 2026
$1B
$22B
POST-MONEY
Series E extension
9 Apr 2026
$4.7M
—
—
Series D
10 Oct 2025
$300M
$5B
POST-MONEY
Series C
25 Jun 2025
$185M
$2B
POST-MONEY
Series A
17 Feb 2021
$30M
—
—
Series A
4 Mar 2020
$6.1M
—
—
Seed
1 May 2019
$2M
—
—
Pre-Seed
18 Mar 2019
$150K
—
—
Series E
—
$1B
$11B
POST-MONEY
Lead investors
Leads: Andreessen Horowitz, Coatue, Factory Holdings, Paradigm, Sequoia Capital, TCV, Y Combinator.
Full funding history — Kalshi profile ›
What the valuation means

What the $22B actually measures

A private valuation is the price agreed in one transaction. The Kalshi valuation of $22B is a post-money figure from the Series F dated 7 May 2026 — the whole company measured after the $1.1B raised in that round was already inside it. Subtract the round and the pre-money view of the same deal is $20.9B .

The valuation holds until the next priced round or secondary sale. A private company founded in 2018 with roughly 560 people has no daily price and no order book between rounds.

Where the $22B comes from
EventSeries F, dated 7 May 2026
Basispost-money
Round size$1.1B
LeadCoatue

Frequently asked questions

What is Kalshi's valuation?›

The last valuation is $22B (post-money, May 2026).

Who has invested in Kalshi?›

Lead investors for each round are in the funding timeline.

Who are Kalshi's competitors?›

The closest prediction markets / event contracts peers are on the competitors page.

How can I get exposure to Kalshi?›

The routes section explains what is realistically available for a company at this stage.

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