• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Startups & VentureHow much is Kalshi really worth? A detailed report says as much as $42 billion—if everything goes right

The PitchBook reports rosy view is based on Kalshi being mostly unaffected in the event of an adverse Supreme Court ruling on its sports wagers.

By Jeff John RobertsSeptember 24, 2026
Donald Trump smiles and gives a thumbs up as he stands next to Xi Jinping.
Asia
China now makes up a record 40% of all global container exports—and it’s a sign Trump’s tariffs meant to punish Chinese firms have fallen flat
By Sasha RogelbergSeptember 24, 2026
Photo: Global Village
Travel & Leisure
Disney, dethroned: Dubai takes the Magic Kingdom’s crown for the world’s most-visited theme park
By Christian SyltSeptember 24, 2026
OpenAI’s agent hacked Australia’s Medicare website—the latest rogue AI incident that the company didn’t know about for months
Cybersecurity
OpenAI’s agent hacked Australia’s Medicare website—the latest rogue AI incident that the company didn’t know about for months
By Emily ForliniSeptember 23, 2026
Latest
Judge orders White House to ‘immediately’ restore CNN, Politico and MS NOW’s access. Trump shrugs11 minutes ago
McDonald’s bets $8.5 billion on a productivity makeover across more than 46,000 restaurants14 minutes ago
Current price of gold as of September 24, 202626 minutes ago
Payward and device maker Ledger announce tie-up to let investors hold stocks offline44 minutes ago
Xi Jinping has made China’s hard-tech rise core to his policy—and U.S. containment is only fueling those plans
Commentary
Xi Jinping has made China’s hard-tech rise core to his policy—and U.S. containment is only fueling those plans
By Ningrong LiuSeptember 24, 2026
Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D.
AI
Meta plans to spend $145 billion this year, more than every military budget except the U.S., China and Russia
By Joshua HongSeptember 24, 2026
Vietnam is finally a FTSE emerging market—yet it’s the country’s banks, not its exporters, that’ll benefit most
Asia
Vietnam is finally a FTSE emerging market—yet it’s the country’s banks, not its exporters, that’ll benefit most
By Angelica AngSeptember 24, 2026
Travis Kalanick is back: How Uber’s ousted founder went from pariah to Silicon Valley hero
Magazine
Travis Kalanick is back: How Uber’s ousted founder went from pariah to Silicon Valley hero
By Jeff John RobertsSeptember 24, 2026
A hacker wearing a hoodie sitting at a laptop.
AI
AI could make more companies worth hacking, Anthropic report suggests
By Wen ShaoSeptember 24, 2026
Photo: Luana Lopes Lara
Newsletters
Kalshi could be worth $42 billion—if it can survive the Supreme Court unscathed
By Jim EdwardsSeptember 24, 2026
A $499 checkup gave me a peek at the future of AI-powered health care
Newsletters
A $499 checkup gave me a peek at the future of AI-powered health care
By Diane BradySeptember 24, 2026
Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education
Success
Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education
By Sydney LakeSeptember 24, 2026
Newsletters
Term SheetBy Amanda Gerut
alt
A VC hired his kids’ nanny to run the back office. The SEC says she took $1.3 million
MarketsBy Jim Edwards
alt
Kalshi could be worth $42 billion—if it can survive the Supreme Court unscathed
CEO DailyBy Diane Brady
alt
A $499 checkup gave me a peek at the future of AI-powered health care
Fortune TechBy Andrew Nusca
alt
Meta steals the ‘not first, but best’ page from Apple’s playbook
MPW DailyBy Emma Hinchliffe
alt
How Beyoncé’s high standards became Cécred’s competitive advantage
CIO IntelligenceBy John Kell
How brokerage Compass sold its 83,000 real estate agents on the use of AI
Fortune Daily Episodes
Video ThumbnailPlay19:00
Effective Altruism Explained: Why the Pentagon Is Attacking AI 'Doomers' | Fortune DailySeptember 22, 2026
Video ThumbnailPlay24:56
When to Spend Everything ft. Bill Perkins | Fortune DailySeptember 21, 2026
Video ThumbnailPlay23:46
Why Viral Views Don’t Equal a Business (And What Does) | Fortune DailySeptember 20, 2026
Video ThumbnailPlay22:01
How Lucy Guo Became a Self-Made AI Billionaire | Fortune DailySeptember 16, 2026
Video ThumbnailPlay15:29
Inside Gap’s High-Stakes Comeback | Fortune DailySeptember 15, 2026
Video ThumbnailPlay24:34
Inside The Secret Economy of Billionaire Travel | Fortune DailySeptember 14, 2026
Video ThumbnailPlay20:47
Why ChatGPT’s Founder Wants to Pump the Brakes on AI | Fortune DailySeptember 13, 2026
Video ThumbnailPlay25:01
Who Really Controls the Future of AI?September 2, 2026
Video ThumbnailPlay21:46
Can We Trust OpenAI to Protect Our Power Grid? September 1, 2026
Video ThumbnailPlay24:32
Temu’s Fake AI Influencer Problem ExposedAugust 31, 2026
AI
A McDonald's logo is displayed on a sign outside a restaurant in San Diego, CA.
AI
McDonald’s bets $8.5 billion on a productivity makeover across more than 46,000 restaurants
By Sheryl EstradaSeptember 24, 2026
Photo of people protesting data centers in Texas
Future of Work
Gen Z’s religious turn, the data center backlash and a ‘lack of consent’: how the youngest adults are winning battles the millennials lost
By Nick LichtenbergSeptember 24, 2026
Public cofounder Leif Abraham (left) stands smiling at camera while Jannick Malling (right) does the same while sitting on a high stool.
Crypto
Public brings AI trading agents to prediction markets with Kalshi tie-up
By Camila Grigera NaónSeptember 24, 2026
A hacker wearing a hoodie sitting at a laptop.
AI
AI could make more companies worth hacking, Anthropic report suggests
By Wen ShaoSeptember 24, 2026
Fortune 500: Titans and Disruptors of Industry
Video ThumbnailPlay46:06
Sam Altman: Safety Standards 'Not at a Place' to Push AI Capabilities Much FurtherSeptember 11, 2026
Video ThumbnailPlay44:15
Why GM's CEO Mary Barra is Still Bullish on Electric VehiclesSeptember 9, 2026
Video ThumbnailPlay60:32
Bill Ackman's takes on Mamdani, Trump and investing in the age of AIAugust 4, 2026
Video ThumbnailPlay47:13
FedEx CEO on How AI Can Fix a $1.8 Trillion Global Supply Chain ProblemJuly 14, 2026
Video ThumbnailPlay55:39
$4 Trillion Savings Gap: TIAA’s CEO on The Retirement Crisis June 16, 2026
Video ThumbnailPlay49:12
Qualcomm's AI takeover | Titans and DisruptorsMay 5, 2026
Video ThumbnailPlay43:48
Delta: Bankrupt to Billions | Titans and DisruptorsMarch 31, 2026
Video ThumbnailPlay37:04
The End of Work: Vinod Khosla's Bold AI Prediction | Titans and DisruptorsMarch 3, 2026
Video ThumbnailPlay29:19
Google’s AI boss made OpenAI issue code red. Now he wants to solve disease. | Titans and DisruptorsFebruary 10, 2026
Video ThumbnailPlay48:34
Pfizer CEO took on COVID. Now he wants to cure cancer | Titans and DisruptorsJanuary 27, 2026
Success
Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education
Success
Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education
By Sydney LakeSeptember 24, 2026
Multimillionaire author Bill Perkins says parents should give kids their inheritance in their 20s when it can transform their lives—not when they die
Personal Finance
Multimillionaire author Bill Perkins says parents should give kids their inheritance in their 20s when it can transform their lives—not when they die
By Marco Quiroz-GutierrezSeptember 23, 2026
Worker walking with iced coffee
Success
Gen Z’s iced coffee habit in interviews could be costing them jobs, recruiters warn: ‘It isn’t really about coffee’
By Emma BurleighSeptember 23, 2026
Warren Buffett’s son worked on a farm instead of going to college—he’s now the chairman of $1 trillion Berkshire Hathaway
Success
Warren Buffett’s son worked on a farm instead of going to college—he’s now the chairman of $1 trillion Berkshire Hathaway
By Sydney LakeSeptember 23, 2026
Term Sheet Podcast
Video ThumbnailPlay35:27
Inside Wonder's Plan to Automate Restaurants: From Robotic Kitchens to Drone Delivery | Term SheetAugust 25, 2026
Video ThumbnailPlay46:00
This Mentalist Says He’s Training ChatGPT to Hypnotize People | Term SheetAugust 13, 2026
Video ThumbnailPlay32:19
How this multi-millionaire investor spots billion-dollar ideas | Term SheetJune 23, 2026
Video ThumbnailPlay52:40
The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 10, 2026
Video ThumbnailPlay39:46
The $2B AI tool automating Wall Street | Term SheetMay 27, 2026
Video ThumbnailPlay35:06
This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
Video ThumbnailPlay36:26
From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
Video ThumbnailPlay29:02
The Startup Fighting to Save the American Farm with Modern Finance | Term SheetApril 7, 2026
Video ThumbnailPlay51:28
How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 17, 2026
Video ThumbnailPlay26:02
Why revenue is an outdated metric | Term SheetFebruary 18, 2026
From the Magazine
MagazineNo. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue

As Amazon pours $200 billion into AI this year, Bezos says the company’s next act will define the next decade.

By Kristin StollerJuly 28, 2026
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
Magazine
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
By Nicholas GordonJuly 28, 2026
Can a global car company survive today’s complicated world? Nissan hopes to find out
Magazine
Can a global car company survive today’s complicated world? Nissan hopes to find out
By Andrew StaplesJuly 28, 2026
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
Magazine
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
By Jordan BlumJuly 24, 2026
ackman
Magazine
The American Dream according to Bill Ackman
By Jeff John RobertsJuly 20, 2026
Energy
Fervo brings the first, next-gen geothermal power to the grid to satiate the AI boom
Energy
Fervo brings the first, next-gen geothermal power to the grid to satiate the AI boom
By Jordan BlumSeptember 24, 2026
Why Trump banning diesel exports would upset the U.S. oil sector and upend global fuel markets — ‘the cure would be far worse than the disease’
Energy
Why Trump banning diesel exports would upset the U.S. oil sector and upend global fuel markets — ‘the cure would be far worse than the disease’
By Jordan BlumSeptember 23, 2026
Current price of oil as of Sept. 23, 2026
Personal Finance
Current price of oil as of September 23, 2026
By Joseph HostetlerSeptember 23, 2026
teyssen
Commentary
Lufthansa chair: After the hottest August on record, business needs to pursue climate pragmatism not purity
By Johannes TeyssenSeptember 23, 2026
Fortune Rankings
Fortune Southeast Asia 500
Fortune Southeast Asia 500
By FortuneJune 15, 2026
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Most Powerful Women
Most Powerful Women
By FortuneMay 27, 2026
Fortune 100 Best Companies to Work For
Fortune 100 Best Companies to Work For
By FortuneApril 1, 2026
Leadership
A McDonald's logo is displayed on a sign outside a restaurant in San Diego, CA.
AI
McDonald’s bets $8.5 billion on a productivity makeover across more than 46,000 restaurants
By Sheryl EstradaSeptember 24, 2026
Photo of people protesting data centers in Texas
Future of Work
Gen Z’s religious turn, the data center backlash and a ‘lack of consent’: how the youngest adults are winning battles the millennials lost
By Nick LichtenbergSeptember 24, 2026
A $499 checkup gave me a peek at the future of AI-powered health care
Newsletters
A $499 checkup gave me a peek at the future of AI-powered health care
By Diane BradySeptember 24, 2026
Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education
Success
Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education
By Sydney LakeSeptember 24, 2026
From Pilot to Profit
AIAI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.

By Sharon GoldmanJune 9, 2026
Artistic drawing of two employees using several tools at once
AI
Why dbt Labs CEO views AI efficiency and creativity as the same thing
By Sage LazzaroJune 9, 2026
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
AI
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
By Sage LazzaroJune 9, 2026
Artistic rendering of complex systems being simplified by two workers
AI
How Lumen’s ‘maniacal focus’ on KPIs drove measurable AI impact across use cases and the company at large
By Sage LazzaroJune 9, 2026
Artistic rendering of a hacker trying to gain access to a worker's computer
AI
AI is supercharging cyberattacks—and most companies aren’t ready
By Beatrice NolanJune 9, 2026
Features
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
AI
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
By Fortune EditorsSeptember 15, 2026
Thumbnail image for Fortune Titans and Disruptors of Industry podcast reads, "Losing Control of AI?" and depicts Fortune Editor-in-Chief Alyson Shontell and OpenAI CEO Sam Altman in conversation on a podcast.
AI
Exclusive: Sam Altman addresses AI doomsday fears in new interview
By Alyson ShontellSeptember 12, 2026
Exclusive: OpenAI’s Sam Altman hints at pact with other AI companies to address safety risks
AI
Exclusive: OpenAI’s Sam Altman hints at pact with other AI companies to address safety risks
By Alexei OreskovicSeptember 12, 2026
Apple unveils $2,000 iPhone Duo, its first foldable smartphone
Big Tech
Apple unveils $2,000 iPhone Duo, its first foldable smartphone
By Sebastian HerreraSeptember 9, 2026
Real Estate
Today’s home equity loan and HELOC rates, Sept. 24, 2026
Personal Finance
Today’s home equity loan and HELOC rates, Sept. 24, 2026
By Joseph HostetlerSeptember 24, 2026
Current ARM mortgage rates report for Sept. 24, 2026
Personal Finance
Current ARM mortgage rates report for Sept. 24, 2026
By Glen Luke FlanaganSeptember 24, 2026
Current refi mortgage rates report for Sept. 24, 2026
Personal Finance
Current refi mortgage rates report for Sept. 24, 2026
By Glen Luke FlanaganSeptember 24, 2026
Mortgage rates today, Sept. 24, 2026: Rates inch upward again
Personal Finance
Mortgage rates today, Sept. 24, 2026: Rates inch upward again
By Glen Luke FlanaganSeptember 24, 2026
Great Place to Work Rankings
Best Workplaces in Chicago
Best Large Workplaces in Chicago
By FortuneJune 16, 2026
Best Workplaces in New York
Best Large Workplaces in New York
By FortuneJune 9, 2026
Best Workplaces in Texas
25 Best Large Workplaces in Texas
By FortuneJune 2, 2026
Best Workplaces in The Bay Area
25 Best Large Workplaces in the Bay Area
By Fortune EditorsMay 26, 2026
Commentary
ChinaBy Ningrong Liu
Xi Jinping has made China’s hard-tech rise core to his policy—and U.S. containment is only fueling those plans
digital economyBy Jon M. Huntsman, Jr.
Why ASEAN’s coming digital economy trade agreement deserves your attention
climateBy Johannes Teyssen
Lufthansa chair: After the hottest August on record, business needs to pursue climate pragmatism not purity
climateBy Henry Fernandez
MSCI CEO: why markets must catch up with physical climate risk
climateBy Stéphane Germain
We’re the world’s largest satellite operator tracking greenhouse gases and we see the climate tech sector chasing the wrong breakthrough 
disruptionBy Jeffrey Sonnenfeld, David Siegel and Stephen Henriques
The backwards AI pacing debate and how far business is from the frontier
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.