He is one of 30 celebrities selected for the honour next year.
His widow Elizabeth Kane initiated the nomination process with support from Warner Bros and DC Entertainment, reports CBR.
DC Comics addressed the news in a blog post in which it credited long-uncredited Batman co-creator Bill Finger as Kane's "frequent collaborator".
2014 has marked the 75th anniversary of Batman's creation in Detective Comics #27.
Kane was also involved in bringing Batman to the big screen, serving as a consultant on Batman, Batman Returns and Batman Forever.
He died in 1998.
Marvel Comics legend Stan Lee received a star on the Walk of Fame in 2011.