u/Moneychaseme_2025

A lot of the conversation around Kalshi still starts in the wrong place.

People ask whether it can compete with sportsbooks. Whether it belongs in sports betting, political forecasting, or some adjacent corner of event speculation.

That frame is getting harder to defend. Last week, Kalshi COO Luana Lopes Lara said on Billboard’s On the Record podcast that Kalshi’s music markets have already done more than $400 million in traded volume in 2026. For context, the entire category did about $70 million in 2025. The Super Bowl halftime show opener alone reportedly generated $110 million in a single night.

That is not a side story, it is one of the clearest signals yet that Kalshi is growing into something much broader than the market’s original label for it.

READ HERE:

https://x.com/i/status/2057153932166943028

Last week, Kalshi officially confirmed its Series F. The headline was familiar: $1 billion raised at a $22 billion valuation, led by Coatue, with Sequoia, a16z, Paradigm, Morgan Stanley, and ARK Invest participating.

That part had already been reported. What mattered more were the operating numbers that came with it.

Kalshi disclosed $178 billion in annualized trading volume, more than tripling over six months. It reported 800% growth in institutional trading volume over the same period. It also disclosed more than $1.5 billion in annualized revenue. In its own materials, the company said it now hosts 90% of regulated prediction market activity in the United States, while the New York Times reported roughly 2 million monthly users.

Those aren’t the numbers of a market curiosity, they are the numbers of a platform moving into a very different category.

READ HERE:

https://x.com/i/status/2054970802588504209

TKLSidmLVt3cqGaaodG8tyRzoANfQwoh67AccjmubeZ

The $13B Kalshi pool sold out fast.

The $14B pool opens on May 13, 14:00 UTC → app.tessera.pe/auction/T-Kalshi

Shortly after, trading will begin at a $14B implied valuation, powered by @MeteoraAG.

Kalshi Pre-Sale is Live

Pre-Sale 1: Valuation $12B

Pre-Sale 2: Valuation $13B

Kalshi's lastest round raised $1B at $22B valuation.

Launch open →https://app.tessera.pe/auction/T-Kalshi

All Solana Mobile owners now have access to Pre-Sale 2.

That’s entry to Kalshi at $13B. Kalshi’s last round raised $1B at $22B.

Just connect here:

https://app.tessera.pe/auction/T-Kalshi

Prediction markets have a credibility problem.

Not with regulators. Not with data. With the finance industry.

The dominant assumption, still, is that prediction markets are retail products. Novelty platforms where people bet on elections and sports outcomes. Sophisticated investors haven't taken them seriously as a tradeable asset class.

That just changed. On May 1, Clear Street, a prime broker to hedge funds and institutional traders, announced it is joining Kalshi's exchange and clearing house as a futures commission merchant (per Bloomberg, May 2026). Clear Street's clients will have direct access to Kalshi event contracts. The broker is also launching swap capabilities for ETF issuers tied to prediction markets.

This is not a consumer deal. Clear Street's entire business is institutional. It exists to serve hedge funds, asset managers, and sophisticated prop desks.

Kalshi just became part of institutional market infrastructure.

Why it Matters More Than you Think.

Institutional participation changes the character of a market. When hedge funds trade alongside retail, spreads tighten, liquidity deepens, and price discovery improves. Prediction market odds become harder to dismiss as noise.

The Federal Reserve already cites Kalshi data in its communications. The White House cited Kalshi odds during trade negotiations. Clear Street's participation puts institutional capital behind those same markets.

The gap between institutional access and institutional adoption tends to close quickly.

READ HERE:

https://x.com/i/status/2052526050983240023

Early exposure to SpaceX live. Next is Kalshi.

Get Kalshi entry at $12B · $13B · $14B tiers.

Kalshi closed its Series C at a $22B valuation.

No minimums. No KYC.

Live May 11

https://app.tessera.pe/auction/T-Kalshi

The creator experience delivered.🧑‍🍳

Thanks to everyone who joined us in Miami, and to @SagaMobileDAO x @Thelynkapp for an amazing event.

Kalshi Pre-Sale goes live in 6 days.

Check your eligibility now →https://app.tessera.pe/auction/T-Kalshi/eligibility

Kalshi 3-Tier Launch

Pre-Sale 1: May 11th 14:00 UTC

Valuation: $12B

Selection: 40 contributors from Pre-Sale 2 eligibility will be selected. Selection focuses on demonstrated community engagement, social activity, and long-term support.

Pre-Sale 2: May 11th 14:00 UTC

Valuation: $13B

Selection: If not included in snapshot, trade $5,000 of $tSpaceX

Public Alpha Vault: May 13th

Valuation: $14B

Open access

Check your eligibility now:

https://app.tessera.pe/auction/T-Kalshi/eligibility

Kalshi closed its Series C at a $22B valuation. Tessera is launching T-Kalshi May 11th.

Three entry tiers: $12B · $13B · $14B

Check your eligibility now → https://app.tessera.pe/auction/T-Kalshi/eligibility

Not eligible yet? Generate $5,000 in trading volume on T-SpaceX to qualify

TSPXcLV76s6V2zDiZQ18kBfcbnjaE2ZzNT3ga2Pd99v

We just took a snapshot of all SpaceX holders that have generated $1000 of volume

Stay tuned

TSPXcLV76s6V2zDiZQ18kBfcbnjaE2ZzNT3ga2Pd99v

Creators, we saved you a seat!

Tessera, SagaDAO, and LYNK invite Web3's best creators to a private chef experience during Accelerate Miami 🍝

@Tessera_PE @SagaMobileDAO @Thelynkapp

On April 21, SpaceX kicked off its Analyst Day.

For most people, it will register as a footnote in the news cycle. For anyone trying to understand where one of the most consequential IPOs in history is actually headed, and what it means for private market access, it is the most important event of the month.

Here is what is happening, what it means, and what comes next.

What an Analyst Day Actually Is

An Analyst Day is the first time management speaks directly to the institutional investment community before a public filing. SpaceX filed its S-1 confidentially with the SEC on April 1. The public version, which will disclose full financials for the first time, is expected in late May. The roadshow begins June 8. Pricing is June 15.

April 21 is Day 1 of a three-day process: Wall Street’s top aerospace and technology analysts at Starbase in Boca Chica today; institutional fund managers — large mutual funds and pension plans — on April 22; and a tour of the “Macrohard” xAI datacenter in Memphis on April 23. Attendees surrender their devices at the door. The message SpaceX is sending across all three days: this is an AI infrastructure company, not a rocket company.

READ HERE:

https://x.com/i/status/2046639349626798419

In December, the market was absorbing a $1.5T SpaceX IPO.

Now the conversation has moved to $1.75T to $2T.

SpaceX Analyst Day is tomorrow.

Pre-IPO companies reprice fast. Early access matters.

The hardest part of building a new market is winning the right to exist.

Product matters. Growth matters. Valuation matters.

But in new financial categories, regulatory legitimacy is critical. That's why Kalshi stands out.