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About Kalshi
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$40.2M
Headquarters
New York City, New York
Founded
2019
Overview
Kalshi is a trading platform that allows users to speculate on the outcomes of various future events through a unique financial product called 'event contracts.' These contracts enable traders to take positions on whether specific events will happen, such as changes in Covid-19 statistics or legislative decisions in Congress. Kalshi has received regulatory approval from the Commodity Futures Trading Commission (CFTC), making it the first federally regulated exchange of its kind in the United States. This approval allows Kalshi to offer a new asset class that expands the traditional futures market to include a wider range of economic risks. The platform caters to both individual investors and institutional traders, providing them with opportunities to hedge against or speculate on events that could impact the economy. Kalshi earns revenue by charging transaction fees on trades made on its platform, distinguishing itself from competitors by focusing specifically on event-driven trading.
Simplify's Take
What believers are saying
- Growing interest in event-driven trading boosts Kalshi's market potential.
- Advancements in AI enhance prediction accuracy on Kalshi's platform.
- Increased regulatory clarity encourages more financial institutions to use Kalshi.
What critics are saying
- Emerging competitors like Polymarket could draw users away from Kalshi.
- Legal challenges may arise over event contracts being seen as gambling.
- Volatility in political events could lead to financial losses for Kalshi's users.
What makes Kalshi unique
- Kalshi is the first US federally regulated exchange for event contracts.
- Kalshi offers unique exposure to specific events, unlike traditional stocks or bonds.
- Kalshi's platform is backed by prominent investors like Sequoia and Charles Schwab.
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Funding
Total Funding
$40.1M
Above
Industry Average
Funded Over
3 Rounds
SV Angel
Y CombinatorBenefits
Company Equity
Growth & Insights and Company News
6 month growth
↑ 44%1 year growth
↑ 6%2 year growth
↓ -1%Investors are rushing to throw millions at a hot startup called Kalshi as loans or even as unusual we’ll-figure-it-out later cash. Kalshi is an exchange
The Federal Reserve has its last FOMC meeting on July 27 before it breaks for 2 months. All eyes are on whether FED chair Jerome Powell will follow the market consensus of 75 basis points (bp) or look to a more aggressive 100bp as inflation continues to soar. The FED’s interest rate decision is expected at 2 PM ET on Wednesday, with the GDP data coming at 8.30 AM Thursday
Kalshi, a Silicon Valley-based online exchange that lets users trade on the outcome of real-world events, has raised $30 million in a Series A funding round led by Sequoia Capital.
Kalshi, a San Francisco, CA-based federally regulated exchange dedicated to trading on event outcomes, raised $30m in Series A funding. The round was led by Sequoia Capital with participation from Charles Schwab, chairman of Charles Schwab Corporation, Henry Kravis, co-chairman & co-CEO of KKR, SV Angel and previous investors including Neo and YC Continuity. The […]
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About Kalshi
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$40.2M
Headquarters
New York City, New York
Founded
2019
Kalshi is Hiring for 17 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Kalshi