Kalshi raises $1.12 billion after securing $22 billion valuation

Kalshi has raised about $1.12 billion through an equity offering since April, with a new U.S. securities filing showing roughly $380 million remains available under the nearly $1.5 billion offering. Summary Kalshi has sold $1.12 billion in equity since April, according to an SEC filing. About $380 million remains available under the nearly $1.5 billion offering. The total may include Kalshi’s $1 billion Series F, which valued the company at $22 billion. Kalshi is reportedly discussing another $750 million raise at a $40 billion valuation. July trading volume reached about $40 billion, well above Polymarket and Polymarket US combined. The Securities and Exchange Commission filing submitted on Aug. 25 shows Kalshi Inc. has sold $1.12 billion of equity since the first sale took place in April, providing a new figure for the prediction market operator’s fundraising during a year in which its private valuation and trading activity have climbed sharply. Filed through Form D, the notice lists the total offering at nearly $1.5 billion and records about $380 million as remaining unsold. Form D is used by companies to report securities offerings that rely on exemptions from full SEC registra...