Kalshi is a CFTC-regulated prediction market and event-contract exchange that lets users trade binary contracts on real-world outcomes such as weather, sports and financial indices. The platform received CFTC approval to trade in 2020 as a designated contract market for event contracts. Kalshi was co-founded by Tarek Mansour, who serves as co-founder and CEO, and Luana Lopes Lara, who serves as co-founder. The company raised $185 million in Series C funding led by Paradigm at a $2 billion valuation, with investors including Multicoin Capital, Sequoia Capital, Neo, and Citadel Securities CEO Peng Zhao. Kalshi's TwitterScore is 363 out of 1000.

Kalshi is backed by additional investors including Andreessen Horowitz, Morgan Stanley, and Coatue. The platform is affiliated with the Commodity Futures Trading Commission, which approved Bitcoin perpetual futures trading for U.S. customers at Kalshi in May 2026, with Kalshi planning crypto-linked perpetual contracts pending regulatory review. Donald Trump Jr. serves as a strategic adviser to the company. Kalshi is also affiliated with Robinhood, CNN, CNBC, and Plus500. The Financial Times reported in June 2026 that Kalshi had completed a $1 billion funding round at a $22 billion valuation and was in advanced talks to raise at a $40 billion valuation, having amassed over $17 billion in trading volume in the month before the report.

Kalshi has faced legal and regulatory challenges. On October 2, 2024, a federal appeals court rejected the CFTC's emergency stay request, allowing Kalshi to offer trading on U.S. congressional control contracts. In March 2026, Arizona filed a 20-count misdemeanor indictment against Kalshi, including 16 charges of operating an unlicensed gambling business and four charges of illegally facilitating election wagering; Kalshi called the charges meritless and said it would contest them. The Financial Times reported that several U.S. states including Arizona and Massachusetts had taken legal action against Kalshi for allegedly offering unlicensed gambling services. The Financial Times also reported that CME Group sued the CFTC over approval of Kalshi's perpetual futures contracts, which compete with CME offerings. Kalshi is a non-tokenized, private company; no official Kalshi token was found in retrieved sources.

Smart Followers

The accounts that follow Kalshi include 967 founders, 163 angel investors, 1,094 influencers and 34 VCs, among them Solana, Toly, Chris Dixon, Laura Shin, 6529 and CoinDesk. Kalshi is mentioned by 1,068 accounts across the platform.