Kalshi withdrew announcements about a planned collaboration with xAI, hours after its chief executive promoted the deal. The proposed use of xAI technology would provide AI-generated information about Kalshi’s event contracts; the source does not state why the announcements were withdrawn.
The withdrawal leaves the status of the proposed AI integration unclear for Kalshi users and counterparties.
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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.
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.
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.
Kalshi will give the National Council on Problem Gambling $2 million over two years, reportedly, to support a new initiative on financial trader health and safety. The council created a “Financial Services & Trading” membership category, with Kalshi as its first company member.
Kalshi disputed a Citizens analyst’s assessment that prediction-market users lose money faster than sports bettors. Analyst Jordan Bender’s report, based on Juice Reel data, estimated that the lowest-loss quartile of prediction-market users lost about 28 cents per dollar spent over 90 days, against 11 cents for new sports bettors; Kalshi also rejected the report’s conclusion while backing away from its earlier extortion allegation.