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Kalshi reaches US$22bn valuation amid regulatory challenges

Deals & M&A

Kalshi reached a valuation of US$22bn, while regulators in several jurisdictions challenged the legality of its operations, according to reports. Dune Analytics and Keyrock research cited in the report put Kalshi's share of the prediction-markets sector above 50% and said sports contracts accounted for 85% of its trading volume.

Regulatory challenges could affect Kalshi's ability to operate its prediction-market contracts across jurisdictions.

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Deals & M&A

Meta reportedly discusses potential Kalshi acquisition before prediction-market plans

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.

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