Kalshi's prediction market is playing big, with a monthly trading volume of 16 billion and a valuation of 22 billion, and an IPO is still on the horizon. Regulatory pressure can't stop its expansion ambitions.

Crypto news, the prediction market operator Kalshi’s monthly trading volume has exceeded $16 billion, with annual revenue reaching $2 billion, and is currently in discussions with investment banks about a potential initial public offering (IPO). The company’s valuation reached $22 billion after securing $1 billion in Series F funding. Meanwhile, Kalshi’s trading activity continues to grow, with a trading volume of $16.81 billion in May, up from $14.81 billion in April. Despite facing scrutiny from legislators and regulators, Kalshi remains actively advancing its business expansion.