everything Its annual revenue has nearly tripled since November, bringing that number to $2 billion, according to the information I mentioned Thursday (June 18), citing unnamed sources.
The report attributed the gains of the prediction markets platform to trading around NBA and World Cup matches.
This growth has prompted executives of eight-year-old startups to hold informal talks with investment banks about an eventual initial public offering, according to the report.
The talks are in the early stages and Calci is unlikely to launch an IPO until late 2027 or 2028, the report said.
Amid these conversations with banks, the company is encouraging them to integrate with its prediction markets platform so their institutional clients can trade on the platform, according to the report.
Contacted by PYMNTS, Calci declined to comment on the report.
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Calci announced on May 7 that it was valued at $22 billion in a Series F financing round in which it raised $1 billion. Which evaluation It was double the $11 billion it had made five months earlier.
The company said at the time that its annual revenues exceeded $1.5 billion, and that its annual trading volume had tripled over the previous six months, rising from $52 billion to $178 billion.
“This growth reflects a broader shift: prediction markets are moving beyond early adoption,” Calci said on May 7. Blog post. “Institutions are increasingly turning to event contracts to hedge real-world risks and access ongoing market-based signals about future outcomes.”
It was reported in April that the Wall Street broker Bernstein expected Prediction market Volumes will reach $1 trillion by 2030. Volumes reached $51 billion last year and are on track to reach about $240 billion this year, according to the report.
The report said that prediction markets have gone from being an experiment to an increasingly popular part of trading within a few years, and that the industry is moving from niche betting to a larger “information market” covering sports, cryptocurrencies, politics and economics.
Co-Founder Kalshi Luana Lopez Lara The company has built an artificial intelligence agent to help run it, it said on Monday (June 15). Prediction market By doing things like reviewing the wording of expected market contracts.
