According to The Information, prediction market platform Kalshi has passed $2 billion in annualized revenue. The report also said the company has entered early, informal discussions with several investment banks regarding a potential initial public offering.
An initial public offering refers to the process through which a company offers shares to public investors for the first time. Based on the reported details, the talks are still described as early and informal. The disclosed information is limited to Kalshi’s annualized revenue figure and its contact with investment banks about IPO-related matters.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.