Kalshi raised $1.12 billion via private equity offering since April, latest SEC filing shows

Prediction market platform Kalshi has raised around $1.12 billion since April, according to its latest filing.In Kalshi's Form D filed Tuesday with the Securities and Exchange Commission, the company noted that $1.12 billion worth of equity has been sold out of the total offering amount of nearly $1.5 billion. Around $380 million remains available under the same notice.The $1.12 billion may include Kalshi's $1 billion Series F round led by Coatue that was disclosed in May. The round, which put the firm's valuation at $22 billion, drew participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and Ark Invest.Since then, there have been subsequent reports of Kalshi seeking a fresh round of capital at a valuation of $40 billion.The Financial Times reported in June that the prediction market platform could close the new funding round as early as the third quarter of this year.Earlier this month, Kalshi was reportedly in advanced talks with Sequoia Capital and Wellington Management for a new $750 million round at a $40 billion valuation, according to The Information.The Block has reached out to Kalshi for further information on the Form D filing and reports of an upcoming funding round.Kalshi remains the market leader in the burgeoning prediction market sector, reporting $40 billion worth of trading volume in July. This far exceeds that of competitor Polymarket and Polymarket US's combined $12.9 billion in monthly volume during the same period.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.