Lower Valuation Compromise

Kalshi still raises capital, but final terms come in below the reported headline or rely on investor-friendly preferences. This is plausible because the valuation has risen sharply from $5 billion to $22 billion to a proposed $40 billion within a year, leaving room for price discipline.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.