PitchBook Values Kalshi at $30.4B, Sees Revenue Hitting $6.4B by 2030
Summary
PitchBook's base case values Kalshi at $30.4 billion, with a strong scenario at $42.1 billion and pessimistic at $22.8 billion. The report notes Kalshi completed a $1 billion Series F in May at a $22 billion post-money valuation, implying significant appreciation. Revenue is projected to reach $6.4 billion by 2030 with $3.7 billion adjusted profit. Regulatory risk in sports prediction markets is flagged as a key variable, with sports accounting for 69.9% of event fee revenue (82.4% including Exotics). This follows a series of legal challenges and regulatory actions over the past three months, making the valuation's dependence on regulatory outcomes particularly relevant.
This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Binance News.