Sources: Kalshi told investors that its trading volume grew six times in the last six months and it is on an annualized pace for $600M to $700M in net revenue (Cory Weinberg/The Information)
PositiveArtificial Intelligence
- Kalshi has experienced a significant surge in trading volume, growing six times in six months, and is on track for an annualized revenue of $600M to $700M. This announcement was made at Goldman Sachs' tech conference in Las Vegas, emphasizing the company's robust growth trajectory.
- This development is crucial for Kalshi as it reflects strong market demand and investor confidence, positioning the company favorably within the competitive landscape of prediction markets.
- The increase in trading volume and revenue projections aligns with recent funding successes, including a $1 billion raise that boosted Kalshi's valuation to $11 billion, indicating a growing interest in prediction markets and their potential applications.
— via World Pulse Now AI Editorial System
