New York sued Kalshi, alleging it operates an illegal gambling operation and seeking injunctions, restitution, and penalties.
SourcePublic company, workplace, funding, and market signals
Updated Aug 16, 2026
Kalshi is a federally regulated U.S. exchange and prediction market where users trade event contracts on real-world outcomes.
Primary product
Event contracts / prediction market platform
Founded
2019
Headquarters
New York, New York, United States
Team size
150-200
Industry
Financial Services
Sub-industry
Prediction markets / event contracts exchange
Offices
Business model
Stage
late-stage private
Total raised
$3.8B
Latest round
May 2025
Latest amount
$1B
Y Combinator
Sequoia
Henry Kravis
Charles Schwab
Leadership
Co-founder and CEO
Luana Lopes Lara
Co-founder
CFO, US FCM
Dani Lever
Head of Strategic Communications
Elisabeth Diana
Head of Communications
Max Crowley
Vice President of Business Development
Jonathan Katav
Creative Director
Catherine Sullivan
Founding Product Lead
Elias Chedid
Data Lead
Chan Park
Head of International
Head of Partnerships
Rebecca Schick
Chief Financial Officer
Team Lead Manager
Investors
Public signals suggest a fast-growing, product- and trading-oriented team with strong hiring momentum and a market-structure/legal focus. Employee ratings indicate generally positive views on compensation and culture, with work-life balance rated lower than other dimensions.
Compensation
Public employee signals indicate compensation is viewed positively (4.1/5.0 employer compensation rating). No verified salary bands were found in the sources reviewed.
Benefits
Pricing
Users trade event contracts on an exchange; exact fee schedule was not confirmed in the sources reviewed.
Differentiators
Technology
Customers
Competitors
Estimated revenue
~$90M-$100M annual revenue (publicly surfaced estimate from Exa/company intelligence; not independently audited)
Estimated monthly visits
13.5M
Traffic estimate as of Jun 2026
New York sued Kalshi, alleging it operates an illegal gambling operation and seeking injunctions, restitution, and penalties.
SourceWashington state court ordered Kalshi to stop offering most wagers there and implement geofencing.
SourceCFTC used emergency authority to keep Kalshi operating in New York amid the state dispute.
SourceCNBC · Aug 2026
Discusses increased regulatory scrutiny, Kalshi’s removal of sports-related mention markets, and broader industry concerns.
Bloomberg · Aug 2026
Reports a Washington judge ordered Kalshi to stop offering most wagers in the state and implement geofencing.
CoinDesk · Aug 2026
Reports the CFTC used emergency authority to require Kalshi to keep operating in New York amid the dispute with the state.
CNBC · Jul 2026
New York alleged Kalshi operated an illegal gambling platform and sought injunctions, restitution, and penalties.
Kalshi News · May 2026
Major product launch: Kalshi introduced perpetual futures in America under CFTC regulation, expanding beyond event contracts.
42 jobs at Kalshi