Kalshi chief executive Tarek Mansour said the company is considering an IPO, according to a press report dated 25 June 2026. Mansour said a listing would not happen until after 2026; the report separately relays an unconfirmed $40bn valuation figure from another media report.
A possible IPO and reported valuation may inform investor interest in Kalshi, but the company has not set a listing date.
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Kalshi and AppliedXL launched a pilot of prediction markets linked to clinical-trial outcomes and FDA decisions, the companies said. AppliedXL provides the resolution infrastructure, with contracts tied to specified public documents; the pilot covers late-stage trials, according to the report.
Meta reportedly held talks with Kalshi chief executive Tarek Mansour last year about a possible acquisition, but the discussions ended without a deal. People familiar with the talks gave conflicting accounts of why they broke down, and Meta and Kalshi declined to comment on the reports. Meta is reportedly developing a prediction-market app, while the reports say its potential use of real-money trading remains unresolved.
Meta chief executive Mark Zuckerberg reportedly met Kalshi chief executive Tarek Mansour last year to discuss a possible acquisition. The talks remained at an early stage and ended without agreement; accounts differ on the reasons. Meta is now developing a prediction app called Arena that is not expected to use real-money wagering.
Meta CEO Mark Zuckerberg and Kalshi CEO Tarek Mansour discussed a possible acquisition in 2025, but the talks did not progress beyond an informal stage, according to reports citing people familiar with the matter. Sources gave differing explanations, including valuation differences, Mansour's reluctance to sell and concerns within Meta about legal and regulatory issues; Meta is separately testing an internal prediction app that would use play money.
Polymarket and Kalshi recorded more than US$5 billion in trading on prediction markets during the 2026 World Cup, according to an analysis cited in the report. Kalshi logged three consecutive days with daily trading above US$1 billion, while DraftKings said its event-contract volume last weekend exceeded its previous high for the segment.