Written by Helen Partzstaff writerReviewed by Yohan Yunstaff editor

Written by Helen Partzstaff writer

Reviewed by Yohan Yunstaff editor

Kalshi’s $1.5B equity offering is three-quarters sold at $1.12B

Latest NewsPublishedAug 26, 2026

The Form D lists 71 investors and says Kalshi is relying on an exemption that allows certain private offerings without SEC registration.

Prediction market operator Kalshi disclosed that $1.12 billion has been sold under a $1.5 billion equity offering that began in April, as reported by a filing with the US Securities and Exchange Commission (SEC).

The Form D, filed Tuesday, lists 71 investors and identifies April 3 as the date of the first sale. About $380 million remains to be sold under the offering.

The filing identifies the securities as equity and says Kalshi is relying on Rule 506(b) of Regulation D, an exemption that allows companies to sell securities without registering them with the SEC, subject to certain requirements.

Source: SEC

Kalshi revealed a $1 billion Series F funding round in early May at a $22 billion valuation.

The Form D does not state whether the reported offering is the Series F. Cointelegraph contacted Kalshi for clarification but had not received a response by publication.

The filing comes as Kalshi faces legal challenges from US states over its offerings. In mid-August, a Washington state judge ordered the platform to stop offering a broad range of event contracts in the state, rejecting Kalshi’s argument that federal law overrides the state’s gambling laws.

Related: NYC council announces probe into ‘predatory marketing practices’ on prediction markets

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Funding
• Kalshi
• Prediction Markets
• Industry

More on the subject

Here’s what happened in crypto today

4 hours ago

Ezra Reguerra

World Liberty Financial launches USD1 natively on Canton Network

14 hours ago

Nate Kostar

Solana transactions hit record 4.2B as SOL rallies 40%

16 hours ago

Sam Bourgi

Here’s what happened in crypto today

4 hours ago

Ezra Reguerra

World Liberty Financial launches USD1 natively on Canton Network

14 hours ago

Nate Kostar

Solana transactions hit record 4.2B as SOL rallies 40%

16 hours ago

Sam Bourgi