According to a report by The Information, prediction market platform Kalshi has exceeded $2 billion in annualized revenue. Annualized revenue is commonly used to describe a company’s revenue scale by extending its current revenue pace over a full year, and the figure provides a public reference point for Kalshi’s reported business momentum.
The report also said Kalshi has entered early, informal discussions with several investment banks regarding an initial public offering, or IPO. An IPO refers to a company’s first sale of shares to the public market and the start of public trading. Based on the reported information, the talks are still at an early and informal stage.
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