Kalshi stock and Polymarket stock: is either publicly traded? (2026)
There is no Kalshi stock price and no Polymarket stock price, because neither company is listed. Their private valuations, how investors get exposure anyway, and what to watch for an IPO.
Kalshi is not publicly traded, and neither is Polymarket. Neither company has a ticker, neither has filed for an IPO, and neither has issued a token. So when you search for the Kalshi stock price or the Polymarket stock price, there is nothing on an exchange to quote: what you find instead are private valuations, secondary-market listings and, too often, scams.
As of 16 October 2026. Valuations below are from announced funding rounds unless marked as reports.
Kalshi and Polymarket stock at a glance
| Kalshi | Polymarket | |
|---|---|---|
| Publicly traded? | No | No |
| Ticker | None | None |
| Last confirmed valuation | $22 billion (Series F, spring 2026) | About $9 billion (after ICE's investment, October 2025) |
| Reported since | Talks at about $40 billion (August 2026) | Talks at $15 billion and above |
| Biggest outside shareholder | Venture firms (Paradigm, Sequoia, a16z, Coatue and others) | Intercontinental Exchange (ICE), roughly a quarter |
| IPO plans | CEO: discussed, but not in 2026 | None announced |
| Token | None | Discussed, none launched |
Why "Kalshi stock" searches show numbers anyway
Three things get mixed up under that search:
- Private valuations. Each funding round puts a price on the company. Kalshi went from about $2 billion in mid-2025 to $22 billion in 2026; the full table is in who owns Kalshi.
- Stock-index markets on Kalshi. Kalshi lists event contracts on where the S&P 500 or Nasdaq will close, so "Kalshi stocks" can also mean trading those contracts. That is trading on Kalshi, not owning it.
- Unofficial "pre-IPO" offers. Some sites sell exposure to private companies through funds or derivatives. Read the small print: you rarely own shares directly.
Is Polymarket publicly traded?
No. Polymarket is a private company founded by Shayne Coplan. Its largest outside investor, ICE, is itself a listed company (NYSE: ICE), so buying ICE stock gives you a very small, indirect slice of Polymarket. ICE agreed to invest up to $2 billion in October 2025 and completed a further $600 million in March 2026. Polymarket is a tiny part of ICE's business, which is mostly exchanges and mortgage technology. More in who owns Polymarket.
How investors get exposure to prediction markets
None of these is advice, and none is the same as owning Kalshi or Polymarket:
- Robinhood (HOOD). Earns commissions on event contracts and co-owns its own exchange, Rothera. It reported $156 million of prediction market revenue in Q2 2026. See Robinhood prediction markets.
- ICE (ICE). Holds a large minority stake in Polymarket and distributes its data.
- CME Group (CME). Runs the exchange behind FanDuel Predicts.
- DraftKings (DKNG) and Flutter (FLUT), FanDuel's parent, which run prediction apps next to their sportsbooks: DraftKings Predictions.
- Coinbase (COIN), which offers prediction markets inside its app through a partner exchange.
For each of these, prediction markets are one business line among several.
Can you buy Kalshi shares before an IPO?
Only in narrow cases. Accredited investors sometimes find shares from early employees or investors on private-share marketplaces. Supply is thin, the price is set privately, the company can block transfers and you may wait years to sell. Unsolicited offers of "Kalshi shares" or a "Kalshi token" are not from Kalshi.
When could Kalshi or Polymarket go public?
Mansour said in mid-2026 that Kalshi was considering a listing and ruled out 2026; press reports have pointed to 2027 at the earliest. Polymarket has said nothing about an IPO; its executives have talked instead about a possible token, which has not launched. If either company files, the registration statement would be public on the SEC's EDGAR system, and that, not a social media post, is the signal to watch.
Kalshi stock and Polymarket stock: frequently asked questions
What is the Kalshi stock symbol?
There is none. Kalshi is private and not listed on any exchange.
Can I buy Kalshi stock on Robinhood?
No. Robinhood lets you trade Kalshi's event contracts, not shares of Kalshi the company.
What is the Polymarket stock price?
There is no public price. The last confirmed valuation was about $9 billion after ICE's 2025 investment; later figures in the press are reports of talks.
Is there a Polymarket token I can buy?
No official token exists as of October 2026. Treat any "Polymarket token" sale or airdrop link as a scam until Polymarket announces one on its own channels.
What is Kalshi worth?
$22 billion at its last confirmed round, with a higher valuation reported to be in negotiation.
