Kalshi IPO by _ — December 31, 2026

This market will resolve to "Yes" for the earliest listed date by which Kalshi (Kalshi Inc., or any successor entity primarily operating the Kalshi event-contract exchange) completes an Initial Public Offering (IPO) on a recognized stock exchange, as confirmed by official company announcements and credible news sources. Otherwise, each option resolves to "No." "IPO" refers to the first sale of Kalshi stock to the public on any recognized stock exchange (including NYSE, Nasdaq, or any other major recognized exchange). This includes traditional IPOs, direct listings, and de-SPAC transactions resulting in public trading of Kalshi equity. Resolution requires that public trading of Kalshi shares has commenced on or before the listed date at 11:59 PM ET. Announcements, S-1 filings, roadshows, or pricing alone do not suffice — shares must begin trading on the exchange. If Kalshi is acquired by an already-public company before completing its own IPO, all remaining options will resolve to "No." The resolution source for this market is a consensus of credible reporting (Bloomberg, Reuters, The Wall Street Journal, The Information, Financial Times), the relevant exchange's official listing page, and SEC EDGAR filings.

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