According to Cryptorank, the company raised $2.8 billion in previous funding rounds. The last valuation in May 2026 was $22 billion. Additionally, Kalshi is in talks with investment banks about an IPO. However, according to Kalshi CEO Tarek Mansour, it will not happen this year. The fundraising is taking place amid increased trading volume due to the World Cup in the USA. Specifically, Kalshi's annual revenue exceeded $2 billion. However, the company continues to struggle with market regulation. Kalshi has filed a lawsuit against Illinois Attorney General Kwame Raoul, Governor J.B. Pritzker, and other state officials. This occurred after the enactment of a law requiring the licensing of prediction markets in Illinois and imposing a 1.75–3.5% tax on each bet.