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DraftKings Co-founder Questions Kalshi's $22 Billion Valuation and Financial Credibility

2026-07-24 02:16

Matt Kalish, CEO of HARDSCOPE and co-founder of DraftKings, posted on X, questioning Kalshi's $22 billion valuation and financial credibility in light of the sudden departure of Kalshi's CFO: "It's common to see a CFO give up life-changing equity right before a '$22 billion rocket' company goes public, with no explanation." He added, "Everything is completely normal, and the numbers are all real. Just keep watching Polymarket and don't look at us."