Kalshi is a CFTC-regulated prediction market platform enabling users to trade on the outcomes of real-world events such as politics, sports, economics, and culture through event contracts. The platform currently does not have a native utility token but has introduced tokenized versions of its event contracts on Solana, allowing on-chain composability with DeFi protocols for enhanced crypto-native trading.
On May 7, 2026, Kalshi announced a $1 billion Series F round at a $22 billion valuation, led by Coatue with participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest.