Rustom Ichhaporia

engineering @kalshi

[Tarek Mansour @mansourtarek_]

Kalshi raised $1B at a $22B valuation led by Coatue, with participation from Morgan Stanley, Sequoia, a16z, and others.

In 2018, we were two kids who loved math, markets, and debate. And we had a dream: build the next generation financial market, where we capture a broader set of questions and harness the power of the masses to price them better than Wall Street.
Kalshi was born to fulfill that dream.

Today, most of these questions are traded indirectly, priced through imprecise proxies or negotiated bilaterally in opaque, restricted, relationship-driven markets. But thanks to our incredible community of users who make our markets work, Kalshi has the opportunity to change that by turning historically fragmented and untradeable risk into open, liquid, and standardized markets.

We’ve seen this movie before. When interest rates, currencies, commodities, and crypto moved from dark to lit markets, volume did not just migrate: access expanded, new use cases emerged, and the opportunity grew by orders of magnitude.

Today, Kalshi represents over 90% of US prediction market volume and the majority of activity globally, with annualized volume growing to $178B over the past 6 months.

What started as retail is quickly becoming institutional — hedge funds, asset managers, prop firms, and insurers are beginning to trade, provide liquidity, and hedge real-world risk directly. The scope and scale of prediction markets are just beginning to take shape.

We’re using this new capital to accelerate the institutional adoption underway — unlocking trillions in capital to facilitate active trading and risk management.

Prediction markets are moving from early adoption to core financial infrastructure. This is just the beginning.

[Tarek Mansour @mansourtarek_]

open your venmo app

3 days before the Super Bowl:

kalshi x venmo

[Tarek Mansour @mansourtarek_]

Kalshi raised $1B at an $11B valuation.

A decade ago, only a few thousand people knew what a prediction market was.

Eighteen months ago, most prediction markets were banned - until we overcame the government to set them free.

Over the past seven years, our community has opened up an entirely new category.

Today, Kalshi is trusted, used, and loved by millions of people. It’s a part of everyday culture, and it’s driving one of the most important shifts in consumer behavior in recent history.

The time has finally come for prediction markets to achieve their full potential and we are intent on making that happen.

To all the believers and the early adopters: thank you.

[Tarek Mansour @mansourtarek_]

Kalshi recently raised $300M+ at $5B from Sequoia, a16z, Paradigm and others.

Since then, we've grown over 3x, hit $50B of annualized volume, and became the largest prediction market in the world.

And today…Kalshi goes global.

140+ countries. 1 liquidity pool.

[Rustom Ichhaporia @rustomtweets]

@adin450 @Nostroah i'm looking for a promotion to the growth team

[Rustom Ichhaporia @rustomtweets]

@mansourtarek_ soon we will be able to afford more pixels

[Rustom Ichhaporia @rustomtweets]

@ycombinator @tryfrizzle @abhaygupta_eth hype

[Rustom Ichhaporia @rustomtweets]

@mansourtarek_ he started crying at his desk after seeing this

[Rustom Ichhaporia @rustomtweets]

@mansourtarek_ can we get more strawberry core powers now boss

[Rustom Ichhaporia @rustomtweets]

@mansourtarek_ so tired of winning

[Tarek Mansour @mansourtarek_]

I’m excited to announce our $185M Series C valuing Kalshi at $2B.

The round was led by Paradigm with participation from Sequoia, Multicoin, Peng Zhao, Neo, and Bond Capital.

People choose to work at Kalshi not because of the money we've raised, but because of our ambition: build the most important financial market on the planet.

Today, we celebrate our team and community who have taken prediction markets mainstream and made Kalshi one of the fastest growing companies in America.

What once felt impossible now looks inevitable.

[Rustom Ichhaporia @rustomtweets]

@Kalshi what rainer said

[asun @aaronzsun]

I joined @Kalshi just before the 2024 election & though I (& the whole team) barely slept, the energy was unlike anything I've experienced.

If you enjoy working with insanely talented people & are excited about building the future of markets, lets talk!
https://t.co/diwbximJ66

[Rustom Ichhaporia @rustomtweets]

@packle_ @gwenmads so like ...

[SONIC Research Group @SonicNU]

And @cantspellrustom who is about to start college at the U of Illinois at Urbana-Champaign for a Bachelor’s in Data Science!

[Rustom Ichhaporia @rustomtweets]

Thank you! I am so grateful for the opportunities SONIC has given me.

[SONIC Research Group @SonicNU]

SONIC was proud to host Rustom @cantspellrustom as our data science intern this past summer, who recently presented at #OCMC2019 and has a paper accepted at #complexnetworks2019!

To celebrate his achievements, we wrote him a post here: https://t.co/obNZ487iDX

@dgzara @noshir

[SONIC Research Group @SonicNU]

Wondering what SONIC has been up to the last two weeks?

1. Five of us attended and presented at #OCMC2019. Highlights can be found here: https://t.co/Xbe15rHMgp

@noshir @dgzara @cantspellrustom @ktanaka086 @Yuanxin_Wang_

[SONIC Research Group @SonicNU]

We were proud to host Rustom as our data science intern this summer. We miss him, congrats, and a post about Rustom’s summer work will be available on our website soon!

[Kyosuke Tanaka @ktanaka086]

.@cantspellrustom presented his work on network signatures for self-team assembling at #ocmc2019 @SonicNU And, congrats on his paper acceptance from #complexnetworks2019!