# Kalshi

> Kalshi is a New York-based, CFTC-regulated financial exchange where people trade contracts on the outcomes of real-world events - elections, economic data, sports, weather, corporate events and culture. Founded in 2018 by MIT classmates and former quant traders Tarek Mansour and Luana Lopes Lara, it became the first U.S. exchange federally approved to list event contracts. By 2026 it accounts for the large majority of U.S. prediction-market activity, has raised roughly $2.6 billion across its rounds, and was valued at $22 billion after a $1 billion Series F.

- **Founded:** 2018
- **Headquarters:** New York, New York, United States
- **Founders:** Tarek Mansour (Co-founder & CEO), Luana Lopes Lara (Co-founder & COO)
- **Team size:** ~210 employees
- **Products:** Kalshi Exchange, Event Contracts, Web & Mobile Apps, Market Infrastructure / API
- **Notable:** First company approved by the CFTC as a Designated Contract Market for event contracts (license obtained 2020)., Grew annualized trading volume from $52B to $178B in roughly six months., Reached a $22B valuation in May 2026, doubling its valuation in about five months.

## Products & services

- **Kalshi Exchange** — A CFTC-regulated Designated Contract Market (DCM) where users buy and sell yes/no event contracts that settle based on verifiable real-world outcomes.
- **Event Contracts** — Binary contracts across categories such as economics (CPI, Fed decisions), elections and politics, sports, weather, culture, science and tech, and corporate events.
- **Web & Mobile Apps** — Consumer-facing trading apps for iOS, Android and web that let retail traders place and manage positions in real time.
- **Market Infrastructure / API** — Exchange and data infrastructure that powers third-party prediction-market experiences, including Robinhood's Prediction Markets Hub.

## Achievements

- First company approved by the CFTC as a Designated Contract Market for event contracts (license obtained 2020).
- Grew annualized trading volume from $52B to $178B in roughly six months.
- Reached a $22B valuation in May 2026, doubling its valuation in about five months.
- Became the infrastructure behind Robinhood's Prediction Markets Hub.
- Won a Third Circuit ruling affirming a preliminary injunction in its sports event-contract dispute with New Jersey.
- Co-founder Luana Lopes Lara became one of the youngest self-made female billionaires.

## Latest updates

- **2026-05** — Raised $1 billion Series F led by Coatue at a $22 billion valuation, with Sequoia, a16z, Paradigm, Morgan Stanley and ARK participating.
- **2026-04** — Third Circuit affirmed Kalshi's preliminary injunction; CFTC and Kalshi announced enforcement/disciplinary actions targeting insider trading in event contracts.
- **2026-03** — Reported event contracts totaling ~$52B and rapid growth in sports-driven volume.

## Links

- Website: https://kalshi.com
- LinkedIn: http://www.linkedin.com/company/kalshi
- Twitter/X: https://twitter.com/kalshi
- YouTube: https://www.youtube.com/@Kalshi
- Instagram: https://instagram.com/kalshi
- Facebook: https://facebook.com/TradeWithKalshi
- TikTok: https://www.tiktok.com/@kalshi

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Profile page: https://yespress.io/kalshi
Published by YesPress — https://yespress.io
Last updated: 2026-06-07