According to Crowdfund Insider, prediction market platform Kalshi has initiated preliminary talks with investment banks regarding a potential IPO. Its annualized revenue is reportedly over $2 billion, doubling from $1 billion earlier this year. In May, Kalshi completed a $1 billion Series F funding round, reaching a valuation of $22 billion, with investors including Coatue, Sequoia, a16z, Paradigm, Morgan Stanley, and ARK Invest. Kalshi's monthly trading volume in May hit $16.81 billion, up from $14.81 billion in April, continuing to outperform competitor Polymarket. https://(wublock123.com)/news/kalshi-plans-ipo-contacts-banks-for-preliminary-talks-63100