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Kalshi is on course for more than 1 billion dollars in adjusted earnings in 2026 on 3.7 billion dollars in gross revenue, PitchBook research via InGame reports
- Kalshi is on course for more than 1 billion dollars in adjusted earnings in 2026 on 3.7 billion dollars in gross revenue, PitchBook research via InGame reports — PitchBook estimates Kalshi adjusted EBITDA excluding stock-based compensation at 1.2 billion dollars for 2026, with Polymarket projected at 842 million dollars in gross revenue and 34.9 million dollars on the same earnings measure. PitchBook values Kalshi at 42.3 billion dollars and Polymarket at 20.6 billion dollars based on present and projected revenue and earnings. (InGame)
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