PitchBook values Kalshi at $30.4 billion, with a range of $22.8 billion to $42.1 billion

• —PitchBook's base valuation for Kalshi is $30.4 billion, with a range of $22.8 billion to $42.1 billion
• —Revenue is forecast to reach $6.4 billion by 2030, with $3.7 billion in adjusted earnings
• —Sports and exotics account for 69.9% of event fees, rising to 82.4% including exotics
• —A 25% cut in sports and exotics fees would remove $642 million from 2026 and $1.4 billion from 2030 forecasts