Kalshi Raises $1.12B in Private Placement, Likely Includes $1B Series F

Prediction market platform Kalshi has raised $1.12 billion since April through a private stock placement, according to an SEC Form D filing. The document puts the total offering size at roughly $1.5 billion.

What Form D Reveals

The filing shows Kalshi secured the capital via a private placement. Form D confirms that $1.12 billion has already been received, and the filing serves as a regulatory notice of securities sold without a public prospectus.

Offering Size and Remaining Allocation

The total offering is listed at about $1.5 billion, with around $380 million still available for investors.

Connection to Announced Series F

The amount raised likely includes the $1 billion Series F round reported in May, which valued Kalshi at $22 billion. So, a big chunk of this latest raise probably comes from that tranche.