Kalshi Raises $1.12B in Private Offering, $380M Still Available

Kalshi, a New York-based prediction market platform, has raised approximately $1.12 billion through a private equity offering that began on April 3, 2026, according to a regulatory filing made public this week. The disclosure, detailed in a Form D filing with the U.S. Securities and Exchange Commission, shows the company is targeting a total of nearly $1.5 billion, with about $380 million still available. A total of 71 investors have participated in the offering to date. The filing, signed by CEO Tarek Mansour, indicates the company sold over $1.12 billion in equity under the Rule 506b exemption. This private raise is separate from a $1 billion Series F funding round Kalshi completed in May 2026, which valued the company at $22 billion. That round was led by Coatue, with participation from Sequoia Capital, Andreessen Horowitz, and other institutional investors. The fundraising underscores the rapid growth and increasing institutional interest in Kalshi and the broader prediction market sector. The company's annualized trading volume reached approximately $178 billion by April 2026, a dramatic increase from roughly $5 billion a year earlier.