Kalshi’s $1.5B equity offering is three-quarters sold at $1.12B
Summary
Kalshi disclosed in an SEC filing that it has sold $1.12 billion of a planned $1.5 billion equity offering that began on April 3, with about $380 million still available. The Form D lists 71 investors and says the company is using Rule 506(b) of Regulation D, which allows certain unregistered securities sales. Kalshi separately announced a $1 billion Series F round in May at a $22 billion valuation, but the filing does not confirm whether this is the same financing. The disclosure comes amid state-level legal challenges to Kalshi’s prediction market contracts, including a Washington state ruling ordering the platform to stop offering a broad set of event contracts there.
