Kalshi disclosed $1.12B sold in an equity raise with a $1.5B total offering size.
VC & Fundraising ·
Kalshi, a prediction market platform, has disclosed a $1.12 billion equity raise as part of a total offering sized at $1.5 billion, according to SEC filings. The sale represents a significant capital infusion for the company, which operates a regulated derivatives platform focused on event-based contracts.
The offering details indicate that $1.12 billion in shares have been sold to date, leaving approximately $380 million unaccounted for within the stated $1.5 billion total size. This structure suggests the round may still be in process or that not all allocated shares have yet been committed by investors at the time of disclosure.
What remains unclear is the valuation at which the shares are being issued, the specific investor participants, the timeline for completing the remaining allocation, and how the capital will be deployed within Kalshi's operations.