Kalshi's pre-IPO stock price has surged by 21.7% over the past 30 days, significantly outpacing the growth rates of major cryptocurrencies like Bitcoin and Ethereum. This rise comes as the prediction market, led by platforms such as Kalshi and Polymarket, continues to expand rapidly. Kalshi's valuation has been bolstered by recent funding rounds, including a $1 billion round led by Paradigm, raising its valuation to $11 billion. The prediction market's trading volume has seen exponential growth, with Kalshi's notional trading volume expected to surpass $9 billion in January 2026. As of January 29, Kalshi's cumulative historical trading volume exceeded $34.05 billion. The platform's rapid growth and compliance with U.S. market regulations position it as a leader in the prediction market sector, with an IPO anticipated in the near future.