Kalshi disclosed a nearly $1.5 billion equity offering in an SEC filing that reports $1.12 billion sold and participation from 71 investors.

It was reported earlier this month that Kalshi is looking to raise $750 million in fresh capital at a $40 billion valuation.

Kalshi has raised $1.12B in a private equity offering since April 2026, with a $40B valuation round reportedly in talks and an IPO eyed for 2027.