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Startups / General

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

Source: nytimes October 29, 2026 · 04:45
Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?
Photo by RDNE Stock project · Pexels
From the publisher
The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.
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The New York Times

The New York Times (NYT) is a newspaper based in Manhattan, New York City. The New York Times covers domestic, national, and international news, and publishes opinion pieces and reviews. One of the longest-running newspapers in the United States, the Times serves as one of the country's newspapers of record. As of June 2026, The New York Times had 13.35 million total subscribers: 550,000 print and 12.8 million digital, both the highest numbers for any newspaper in the United States by a signific…

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