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§ Private Profile · New York City, NY, USA
1st federally regulated exchange where people can trade on events
Kalshi has raised $2.7B across 7 funding rounds.
Key people at Kalshi.
Kalshi was founded in 2019 by Luana Lopes Lara (Founder) and Tarek Mansour (Founder).
Kalshi has raised $2.7B in total across 7 funding rounds.
Kalshi (www.kalshi.com) is the first federally regulated exchange where you can trade on the outcome of events. We built Kalshi because we believe that people should be able to capitalize on what they know and have opinions on. We make this possible by expanding what people can trade on and allowing them trade in the domain of everyday knowledge.
Kalshi is developing a new asset class, “event contracts,” and a financial exchange for trading on the outcome of events: we are federally regulated by the CFTC as the first-ever legal futures exchange in the U.S. for trading on a broad category of events.
Kalshi is the first federally regulated exchange where users can trade contracts based on the outcomes of real-world events, creating a novel asset class called event contracts. It serves both retail and institutional traders by allowing them to buy and sell yes/no positions on a wide range of topics including economic indicators, political events, weather, sports, and tech IPOs. This platform democratizes access to financial speculation and hedging by enabling everyday individuals to capitalize on their opinions and insights about future events, while also attracting sophisticated investors and market makers[1][2][5].
Founded in 2015 and launched publicly in July 2021, Kalshi was created by Tarek Mansour and Luana Lopes Lara, who envisioned a regulated marketplace where event outcomes could be traded like financial assets. The idea emerged from the founders’ desire to build a transparent, federally regulated alternative to traditional prediction markets and betting platforms. Early traction included gaining CFTC approval after a rigorous six-year process, which allowed Kalshi to operate as a designated contract market with higher trading limits and broader market offerings than competitors like PredictIt. This regulatory status enabled Kalshi to expand into sports betting markets and IPO prediction markets, reaching millions of users and billions in traded volume[1][2][3].
Kalshi rides the growing trend of financial innovation through prediction markets, blending elements of futures trading and betting in a regulated environment. The timing is significant as regulatory frameworks for event-based trading mature, and interest grows in alternative risk management and speculative tools beyond traditional stocks and bonds. Kalshi’s model influences the broader ecosystem by challenging the boundaries between financial speculation and regulated betting, potentially reshaping sports wagering and political forecasting markets. Its integration of technology and regulation sets a precedent for future fintech platforms aiming to democratize access to complex financial products[1][3][5].
Looking ahead, Kalshi is poised to expand its market offerings further, especially in tech IPOs and emerging sectors like AI and climate-related events. Trends such as increased retail investor participation, demand for alternative assets, and evolving regulatory clarity will shape its growth trajectory. Kalshi’s influence may extend by fostering a more transparent, liquid, and accessible marketplace for event-based trading, potentially becoming a mainstream platform for hedging and speculation on real-world outcomes. Its success will depend on scaling liquidity, broadening user adoption, and navigating regulatory developments while maintaining market integrity[1][2][3][5].
Key people at Kalshi.
Kalshi has raised $2.7B across 7 funding rounds. Most recently, it raised $1.0B Other Equity in March 2026.
Kalshi was founded in 2019 by Luana Lopes Lara (Founder) and Tarek Mansour (Founder).
Kalshi has raised $2.7B in total across 7 funding rounds.
Kalshi's investors include Coatue, Catherine Wood, Matt Huang, Andreessen Horowitz, Anthos Capital, CapitalG, IVP, Meritech Capital Partners, Sequoia Capital, Y Combinator, Alex Immerman, Curie.Bio.
