Overview
- Forbes reports the financing lifts Kalshi to an $11 billion valuation and pegs Lopes Lara's net worth at about $1.3 billion.
- Co-founder Tarek Mansour, also 29, is likewise estimated to be a billionaire following the new valuation, according to the reports.
- Kalshi’s expansion followed key regulatory wins, including CFTC approval in 2020 and a September 2024 federal court ruling allowing U.S. election contracts.
- The company says trading volume has jumped roughly 1000% year over year, surpassing $1 billion weekly since the court decision.
- Reported traction includes more than $500 million wagered during the 2024 election and new integrations with partners such as CNN, Robinhood, Webull, Google Finance and the NHL.