Kalshi Secures $1.12B Since April, SEC Filing Shows

TL;DR

• Kalshi has raised $1.12 billion through a private equity offering since April 3, leaving $380 million available under the same Form D notice.
• The total may include the $1 billion Series F led by Coatue, which valued Kalshi at $22 billion and included major investors.
• Reports say Kalshi is pursuing a $750 million round at a $40 billion valuation, while July trading volume reached $40 billion, above Polymarket’s $12.9 billion.

Kalshi has raised about $1.12 billion through a private equity offering since April 3, according to its Form D filing with the U.S. Securities and Exchange Commission. The filing says the prediction market platform has sold $1.12 billion of nearly $1.5 billion in securities under the notice, leaving around $380 million open. The scale is striking because Kalshi has already absorbed more than a billion dollars of private capital while retaining substantial room under the same offering. The filing was submitted Tuesday, providing a snapshot of how much equity the company has sold since spring.

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