{"id":34691,"date":"2026-06-29T11:38:18","date_gmt":"2026-06-29T11:38:18","guid":{"rendered":"https:\/\/99bitcoins.com\/fr\/?p=34691"},"modified":"2026-06-29T08:27:48","modified_gmt":"2026-06-29T08:27:48","slug":"kalshi-une-valorisation-a-40-milliards-malgre-les-defis","status":"publish","type":"post","link":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/","title":{"rendered":"Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis"},"content":{"rendered":"<p>Kalshi serait en pourparlers pour lever de nouveaux capitaux sur la base d&rsquo;une valorisation de 40 milliards de dollars, selon un rapport du Financial Times. Ce montant doublerait presque le prix de 22 milliards de dollars fix\u00e9 lors de son tour de table de s\u00e9rie F en mai 2026, seulement quelques semaines auparavant.<\/p>\r\n<p>Ce chiffre de 40 milliards de dollars est pr\u00e8s de trois fois sup\u00e9rieur aux 15 milliards de dollars vis\u00e9s par son rival Polymarket. Cette situation soul\u00e8ve une question centrale : une valorisation multipli\u00e9e par 20 en douze mois m\u00e9rite un examen plus approfondi qu&rsquo;un simple communiqu\u00e9 de presse de financement habituel.<\/p>\r\n<p>La surveillance r\u00e9glementaire constante des march\u00e9s de pr\u00e9diction domine les d\u00e9bats autour de l&rsquo;introduction en bourse (IPO) de Kalshi. Tant que cette situation ne sera pas r\u00e9solue, il est peu probable que la soci\u00e9t\u00e9 devienne publique.<\/p>\r\n<p><iframe loading=\"lazy\" title=\"Kalshi CEO Tarek Mansour on new KPOW index, regulating prediction markets &amp; insider trading concerns\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/-PW8_usZYo4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\r\n<h2>Qu&rsquo;est-ce que Kalshi et pourquoi sa structure est-elle cruciale ?<\/h2>\r\n<p>Kalshi n&rsquo;est ni une plateforme d&rsquo;\u00e9change de cryptomonnaies, ni un site de paris sportifs. Il s&rsquo;agit d&rsquo;une bourse de contrats d&rsquo;\u00e9v\u00e9nements r\u00e9gul\u00e9e au niveau f\u00e9d\u00e9ral, op\u00e9rant sous la supervision de la Commodity Futures Trading Commission (CFTC) des \u00c9tats-Unis.<\/p>\r\n<p>Imaginez une bourse de valeurs, mais au lieu d&rsquo;acheter des actions Apple, les utilisateurs \u00e9changent des contrats binaires sur la probabilit\u00e9 de r\u00e9sultats r\u00e9els : une hausse des taux par la R\u00e9serve f\u00e9d\u00e9rale, la victoire d&rsquo;un parti \u00e0 un si\u00e8ge au S\u00e9nat ou la progression d&rsquo;une \u00e9quipe dans un tournoi.<\/p>\r\n<p>Cette licence de la CFTC constitue l&rsquo;atout structurel qui distingue Kalshi de Polymarket. Ce dernier repose sur une infrastructure blockchain, r\u00e8gle les positions en cryptomonnaies et op\u00e8re sans l&rsquo;approbation r\u00e9glementaire am\u00e9ricaine.<\/p>\r\n<p>Si Polymarket est plus rapide et accessible \u00e0 l&rsquo;international, il ne peut pas s&rsquo;adresser de mani\u00e8re cr\u00e9dible aux allocateurs institutionnels qui exigent des contreparties r\u00e9gul\u00e9es. Ce foss\u00e9 de cr\u00e9dibilit\u00e9 explique directement l&rsquo;\u00e9cart de 25 milliards de dollars entre les objectifs de lev\u00e9e de fonds des deux entreprises.<\/p>\r\n<p>Les cofondateurs <strong>Tarek Mansour<\/strong>, ancien trader chez Citadel Securities, et <strong>Luana Lopes Lara<\/strong>, sp\u00e9cialiste en finance quantitative et ancienne camarade au MIT, ont lanc\u00e9 Kalshi en 2018 en misant pr\u00e9cis\u00e9ment sur ce positionnement r\u00e9glementaire.<\/p>\r\n<p><blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\u26a1\ufe0f <a href=\"https:\/\/x.com\/Kalshi?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@Kalshi<\/a> is negotiating a funding round at ~$40bn, per the FT, nearly double the $22bn valuation it secured in May.<br><br>CEO Tarek Mansour also said an IPO conversation at the company&#39;s scale is inevitable, though he ruled out a debut this year.<\/p>&mdash; Sandmark (@sandmark_news) <a href=\"https:\/\/x.com\/sandmark_news\/status\/2069993989760070056?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">June 25, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\r\n<p>Le 24 juin, Mansour a confirm\u00e9 sur CNBC que Kalshi \u00e9tudiait une \u00e9ventuelle IPO, tout en pr\u00e9cisant qu&rsquo;une cotation publique \u00e9tait peu probable avant 2027. Les sp\u00e9culations sur l&rsquo;entr\u00e9e en bourse de Kalshi circulaient depuis le d\u00e9but de l&rsquo;ann\u00e9e, mais il s&rsquo;agissait de la premi\u00e8re confirmation officielle du PDG.<\/p>\r\n<h2>Chiffres de croissance et catalyseur de la Coupe du Monde<\/h2>\r\n<p>Le volume de transactions mensuel sur la plateforme de Kalshi a r\u00e9cemment d\u00e9pass\u00e9 les 17 milliards de dollars, contre environ 5 milliards un an plus t\u00f4t, soit une multiplication par plus de trois en douze mois.<\/p>\r\n<p>Bernstein Research estime le volume mensuel de Kalshi en mai 2026 \u00e0 17,9 milliards de dollars, contre 7,1 milliards pour Polymarket, conf\u00e9rant \u00e0 Kalshi une part de march\u00e9 de 57 % contre 22,7 % pour son concurrent. Sur une base annualis\u00e9e, le volume de transactions de Kalshi a atteint environ 178 milliards de dollars en avril 2026.<\/p>\r\n<p>La <strong>Coupe du Monde 2026<\/strong> constitue un acc\u00e9l\u00e9rateur majeur \u00e0 court terme. DeFi Rate estime que les Am\u00e9ricains \u00e9changeront plus de 2,5 milliards de dollars sur les march\u00e9s de pr\u00e9diction pour cet \u00e9v\u00e9nement, dont 1,47 milliard sur Kalshi selon le sc\u00e9nario de base.<\/p>\r\n<p>Bernstein a qualifi\u00e9 le tournoi de \u00ab moment charni\u00e8re \u00bb pour le secteur. Un tel \u00e9v\u00e9nement de volume aide \u00e0 justifier des discussions de financement bas\u00e9es sur le momentum, mais il concentre \u00e9galement les revenus \u00e0 court terme dans une fen\u00eatre qui se referme au coup de sifflet final.<\/p>\r\n<p>Les march\u00e9s de Polymarket pour la Coupe du Monde ont suscit\u00e9 des doutes quant \u00e0 leur int\u00e9grit\u00e9 et leur liquidit\u00e9, un facteur qui renforce l&rsquo;argument de diff\u00e9renciation r\u00e9glementaire de Kalshi.<\/p>\r\n<p>La s\u00e9rie F de mai 2026, une lev\u00e9e de 1 milliard de dollars impliquant <strong>Coatue Management<\/strong>, <strong>Sequoia Capital<\/strong>, <strong>Andreessen Horowitz<\/strong>, <strong>Morgan Stanley<\/strong> et <strong>ARK Invest<\/strong>, valorisait l&rsquo;entreprise \u00e0 22 milliards de dollars. L&rsquo;objectif actuel de 40 milliards, s&rsquo;il se concr\u00e9tise au troisi\u00e8me trimestre 2026, repr\u00e9senterait un quasi-doublement en quelques semaines.<\/p>\r\n<p>Avec environ 2 milliards de dollars de revenus annualis\u00e9s, ce chiffre de 40 milliards implique un multiple de revenu d&rsquo;environ 20x. Comme l&rsquo;a not\u00e9 Finimize, cela \u00ab \u00e9value la soci\u00e9t\u00e9 davantage comme une infrastructure boursi\u00e8re que comme une application grand public \u00bb.<\/p>\r\n\r\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/99bitcoins.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/content-img-1-56.jpg\" alt=\"\" \/><\/figure>\r\n\r\n<p>(SOURCE: Kalshi)<\/p>\r\n<h2>Sc\u00e9narios pour la valorisation : Bull, Base et Bear<\/h2>\r\n<p><strong>Sc\u00e9nario optimiste (Bull case) :<\/strong> La Cour supr\u00eame confirme la pr\u00e9\u00e9minence de la CFTC, les contrats sportifs de Kalshi restent intacts, le volume de la Coupe du Monde 2026 pousse les chiffres mensuels au-del\u00e0 de 20 milliards de dollars, et l&rsquo;entreprise r\u00e9alise une IPO \u00e0 des multiples d&rsquo;infrastructure d\u00e9passant largement les 40 milliards du march\u00e9 priv\u00e9. L&rsquo;\u00e9cart avec Polymarket se creuse \u00e0 mesure que le capital institutionnel se consolide sur la plateforme r\u00e9gul\u00e9e.<\/p>\r\n<p><strong>Sc\u00e9nario de base (Base case) :<\/strong> Les batailles juridiques s&rsquo;\u00e9tirent jusqu&rsquo;en 2027 sans d\u00e9cision d\u00e9finitive, le volume se mod\u00e8re apr\u00e8s la Coupe du Monde, et Kalshi boucle son tour de table \u00e0 pr\u00e8s de 40 milliards de dollars gr\u00e2ce \u00e0 son rempart r\u00e9glementaire, tout en op\u00e9rant dans une zone grise o\u00f9 les risques d&rsquo;ex\u00e9cution au niveau des \u00c9tats subsistent.<\/p>\r\n<p><strong>Sc\u00e9nario pessimiste (Bear case) :<\/strong> Une d\u00e9cision de justice f\u00e9d\u00e9rale restreint la comp\u00e9tence de la CFTC, for\u00e7ant Kalshi \u00e0 restructurer ses contrats sportifs. Le volume mensuel chute brutalement apr\u00e8s le pic de la Coupe du Monde, les revenus annualis\u00e9s tombent bien en dessous de 2 milliards de dollars, et le multiple de 20x appara\u00eet alors comme un pari risqu\u00e9 ayant mal anticip\u00e9 l&rsquo;issue r\u00e9glementaire.<\/p>","protected":false},"excerpt":{"rendered":"<p>Kalshi vise une valorisation de 40 milliards de dollars, devan\u00e7ant Polymarket gr\u00e2ce \u00e0 son statut r\u00e9gul\u00e9 par la CFTC et l&rsquo;effet Coupe du Monde 2026.<\/p>\n","protected":false},"author":135978,"featured_media":34689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"coin":[15],"class_list":["post-34691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actu"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis<\/title>\n<meta name=\"description\" content=\"Kalshi vise une valorisation de 40 milliards de dollars, devan\u00e7ant Polymarket gr\u00e2ce \u00e0 son statut r\u00e9gul\u00e9 par la CFTC et l&#039;effet Coupe du Monde 2026.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis\" \/>\n<meta property=\"og:description\" content=\"Kalshi vise une valorisation de 40 milliards de dollars, devan\u00e7ant Polymarket gr\u00e2ce \u00e0 son statut r\u00e9gul\u00e9 par la CFTC et l&#039;effet Coupe du Monde 2026.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/\" \/>\n<meta property=\"og:site_name\" content=\"99bitcoins FR\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-29T11:38:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/99bitcoins.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/kalshi-prediction-market-valuation-40-billion-regulatory-scr-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Martin Pelletier\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Martin Pelletier\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/\"},\"author\":{\"name\":\"Martin Pelletier\",\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/#\\\/schema\\\/person\\\/d6acaa19de409b9e22e3f740da472d70\"},\"headline\":\"Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis\",\"datePublished\":\"2026-06-29T11:38:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/\"},\"wordCount\":1019,\"publisher\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2026\\\/06\\\/kalshi-prediction-market-valuation-40-billion-regulatory-scr-featured.jpg\",\"articleSection\":[\"Derni\u00e8res Actualit\u00e9s Crypto en Fran\u00e7ais\"],\"inLanguage\":\"fr-FR\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/\",\"url\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/\",\"name\":\"Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2026\\\/06\\\/kalshi-prediction-market-valuation-40-billion-regulatory-scr-featured.jpg\",\"datePublished\":\"2026-06-29T11:38:18+00:00\",\"description\":\"Kalshi vise une valorisation de 40 milliards de dollars, devan\u00e7ant Polymarket gr\u00e2ce \u00e0 son statut r\u00e9gul\u00e9 par la CFTC et l'effet Coupe du Monde 2026.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/#primaryimage\",\"url\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2026\\\/06\\\/kalshi-prediction-market-valuation-40-billion-regulatory-scr-featured.jpg\",\"contentUrl\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2026\\\/06\\\/kalshi-prediction-market-valuation-40-billion-regulatory-scr-featured.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Derni\u00e8res Actualit\u00e9s Crypto en Fran\u00e7ais\",\"item\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/actu\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/#website\",\"url\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/\",\"name\":\"99bitcoins FR\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/#organization\",\"name\":\"99bitcoins\",\"alternateName\":\"99bitcoins\",\"url\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2024\\\/10\\\/99bitcoins-logo.svg\",\"contentUrl\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2024\\\/10\\\/99bitcoins-logo.svg\",\"width\":201,\"height\":43,\"caption\":\"99bitcoins\"},\"image\":{\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/#\\\/schema\\\/person\\\/d6acaa19de409b9e22e3f740da472d70\",\"name\":\"Martin Pelletier\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/619e41ea263b14379ed26acd8625eb311d3bfa4305a6b2b05fb2ad7937b9e869?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/619e41ea263b14379ed26acd8625eb311d3bfa4305a6b2b05fb2ad7937b9e869?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/619e41ea263b14379ed26acd8625eb311d3bfa4305a6b2b05fb2ad7937b9e869?s=96&d=mm&r=g\",\"caption\":\"Martin Pelletier\"},\"description\":\"Journaliste et analyste sp\u00e9cialis\u00e9 dans les crypto-monnaies et la blockchain, Martin Pelletier explore les dynamiques du Web3 et des nouvelles technologies financi\u00e8res depuis 2019. Fort d\u2019une exp\u00e9rience dans la finance traditionnelle, il s\u2019est tourn\u00e9 vers le monde des actifs num\u00e9riques pour \u00e9clairer les lecteurs sur les d\u00e9fis et les opportunit\u00e9s de cet \u00e9cosyst\u00e8me en constante \u00e9volution. \u00c0 travers des articles d'analyse, des interviews d\u2019experts et des rapports d\u00e9taill\u00e9s, Martin propose des contenus p\u00e9dagogiques et accessibles pour d\u00e9mocratiser des sujets complexes comme la finance d\u00e9centralis\u00e9e (DeFi), les NFT, et les monnaies num\u00e9riques des banques centrales (CBDC).\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/martin-pelletier-a923ba343\\\/\"],\"url\":\"https:\\\/\\\/99bitcoins.com\\\/fr\\\/author\\\/martinpelletier\\\/\"}]}<\/script>\n<meta property=\"og:video\" content=\"https:\/\/www.youtube.com\/embed\/-PW8_usZYo4\" \/>\n<meta property=\"og:video:type\" content=\"text\/html\" \/>\n<meta property=\"og:video:duration\" content=\"455\" \/>\n<meta property=\"og:video:width\" content=\"480\" \/>\n<meta property=\"og:video:height\" content=\"270\" \/>\n<meta property=\"ya:ovs:adult\" content=\"false\" \/>\n<meta property=\"ya:ovs:upload_date\" content=\"2026-06-29T11:38:18+00:00\" \/>\n<meta property=\"ya:ovs:allow_embed\" content=\"true\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis","description":"Kalshi vise une valorisation de 40 milliards de dollars, devan\u00e7ant Polymarket gr\u00e2ce \u00e0 son statut r\u00e9gul\u00e9 par la CFTC et l'effet Coupe du Monde 2026.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/","og_locale":"fr_FR","og_type":"article","og_title":"Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis","og_description":"Kalshi vise une valorisation de 40 milliards de dollars, devan\u00e7ant Polymarket gr\u00e2ce \u00e0 son statut r\u00e9gul\u00e9 par la CFTC et l'effet Coupe du Monde 2026.","og_url":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/","og_site_name":"99bitcoins FR","article_published_time":"2026-06-29T11:38:18+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/99bitcoins.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/kalshi-prediction-market-valuation-40-billion-regulatory-scr-featured.jpg","type":"image\/jpeg"}],"author":"Martin Pelletier","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Martin Pelletier","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/#article","isPartOf":{"@id":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/"},"author":{"name":"Martin Pelletier","@id":"https:\/\/99bitcoins.com\/fr\/#\/schema\/person\/d6acaa19de409b9e22e3f740da472d70"},"headline":"Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis","datePublished":"2026-06-29T11:38:18+00:00","mainEntityOfPage":{"@id":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/"},"wordCount":1019,"publisher":{"@id":"https:\/\/99bitcoins.com\/fr\/#organization"},"image":{"@id":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/#primaryimage"},"thumbnailUrl":"https:\/\/99bitcoins.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/kalshi-prediction-market-valuation-40-billion-regulatory-scr-featured.jpg","articleSection":["Derni\u00e8res Actualit\u00e9s Crypto en Fran\u00e7ais"],"inLanguage":"fr-FR","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/99bitcoins.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/","url":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/","name":"Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis","isPartOf":{"@id":"https:\/\/99bitcoins.com\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/#primaryimage"},"image":{"@id":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/#primaryimage"},"thumbnailUrl":"https:\/\/99bitcoins.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/kalshi-prediction-market-valuation-40-billion-regulatory-scr-featured.jpg","datePublished":"2026-06-29T11:38:18+00:00","description":"Kalshi vise une valorisation de 40 milliards de dollars, devan\u00e7ant Polymarket gr\u00e2ce \u00e0 son statut r\u00e9gul\u00e9 par la CFTC et l'effet Coupe du Monde 2026.","breadcrumb":{"@id":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/#primaryimage","url":"https:\/\/99bitcoins.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/kalshi-prediction-market-valuation-40-billion-regulatory-scr-featured.jpg","contentUrl":"https:\/\/99bitcoins.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/kalshi-prediction-market-valuation-40-billion-regulatory-scr-featured.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/99bitcoins.com\/fr\/actu\/kalshi-une-valorisation-a-40-milliards-malgre-les-defis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/99bitcoins.com\/fr\/"},{"@type":"ListItem","position":2,"name":"Derni\u00e8res Actualit\u00e9s Crypto en Fran\u00e7ais","item":"https:\/\/99bitcoins.com\/fr\/actu\/"},{"@type":"ListItem","position":3,"name":"Kalshi : une valorisation \u00e0 40 milliards $ malgr\u00e9 les d\u00e9fis"}]},{"@type":"WebSite","@id":"https:\/\/99bitcoins.com\/fr\/#website","url":"https:\/\/99bitcoins.com\/fr\/","name":"99bitcoins FR","description":"","publisher":{"@id":"https:\/\/99bitcoins.com\/fr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/99bitcoins.com\/fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/99bitcoins.com\/fr\/#organization","name":"99bitcoins","alternateName":"99bitcoins","url":"https:\/\/99bitcoins.com\/fr\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/99bitcoins.com\/fr\/#\/schema\/logo\/image\/","url":"https:\/\/99bitcoins.com\/fr\/wp-content\/uploads\/sites\/4\/2024\/10\/99bitcoins-logo.svg","contentUrl":"https:\/\/99bitcoins.com\/fr\/wp-content\/uploads\/sites\/4\/2024\/10\/99bitcoins-logo.svg","width":201,"height":43,"caption":"99bitcoins"},"image":{"@id":"https:\/\/99bitcoins.com\/fr\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/99bitcoins.com\/fr\/#\/schema\/person\/d6acaa19de409b9e22e3f740da472d70","name":"Martin Pelletier","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/secure.gravatar.com\/avatar\/619e41ea263b14379ed26acd8625eb311d3bfa4305a6b2b05fb2ad7937b9e869?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/619e41ea263b14379ed26acd8625eb311d3bfa4305a6b2b05fb2ad7937b9e869?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/619e41ea263b14379ed26acd8625eb311d3bfa4305a6b2b05fb2ad7937b9e869?s=96&d=mm&r=g","caption":"Martin Pelletier"},"description":"Journaliste et analyste sp\u00e9cialis\u00e9 dans les crypto-monnaies et la blockchain, Martin Pelletier explore les dynamiques du Web3 et des nouvelles technologies financi\u00e8res depuis 2019. Fort d\u2019une exp\u00e9rience dans la finance traditionnelle, il s\u2019est tourn\u00e9 vers le monde des actifs num\u00e9riques pour \u00e9clairer les lecteurs sur les d\u00e9fis et les opportunit\u00e9s de cet \u00e9cosyst\u00e8me en constante \u00e9volution. \u00c0 travers des articles d'analyse, des interviews d\u2019experts et des rapports d\u00e9taill\u00e9s, Martin propose des contenus p\u00e9dagogiques et accessibles pour d\u00e9mocratiser des sujets complexes comme la finance d\u00e9centralis\u00e9e (DeFi), les NFT, et les monnaies num\u00e9riques des banques centrales (CBDC).","sameAs":["https:\/\/www.linkedin.com\/in\/martin-pelletier-a923ba343\/"],"url":"https:\/\/99bitcoins.com\/fr\/author\/martinpelletier\/"}]},"og_video":"https:\/\/www.youtube.com\/embed\/-PW8_usZYo4","og_video_type":"text\/html","og_video_duration":"455","og_video_width":"480","og_video_height":"270","ya_ovs_adult":"false","ya_ovs_upload_date":"2026-06-29T11:38:18+00:00","ya_ovs_allow_embed":"true"},"_links":{"self":[{"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/posts\/34691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/users\/135978"}],"replies":[{"embeddable":true,"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/comments?post=34691"}],"version-history":[{"count":1,"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/posts\/34691\/revisions"}],"predecessor-version":[{"id":34700,"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/posts\/34691\/revisions\/34700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/media\/34689"}],"wp:attachment":[{"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/media?parent=34691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/categories?post=34691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/tags?post=34691"},{"taxonomy":"coin","embeddable":true,"href":"https:\/\/99bitcoins.com\/fr\/wp-json\/wp\/v2\/coin?post=34691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}