The regulated exchange for trading on real-world events
HQ: New York, NY | Founded: 2018 | Employees: Not publicly disclosed | Stage: Growth-stage, venture-backed | Website: https://kalshi.com
Kalshi operates an exchange and prediction market for event contracts. A contract pays according to whether a defined real-world outcome occurs, allowing participants to express a forecast or hedge exposure.
The company began with economic and policy questions and expanded across sports, weather, elections, and other event categories subject to exchange rules and applicable regulation.
Kalshi has turned forecasting into a tradable, regulated contract market. Its strongest lasting advantage is the combination of U.S.
Commodity Futures Trading Commission approval, a growing catalog of contracts, active trading, and the operating know-how required to launch markets that withstand regulatory review. The central risk is that expansion into sensitive contracts invites recurring jurisdictional and market-integrity challenges.
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