Kalshi Raises $1.12 Billion Through Private Equity Since April, Filing Shows

Prediction market platform Kalshi has raised approximately $1.12 billion through private equity sales since early April, according to a new Form D filing with the Securities and Exchange Commission. The company reported that this amount comes from a total offering of nearly $1.5 billion, with around $380 million still available under the same funding round.

Part of a Larger Fundraising Push

The disclosed amount is believed to include Kalshi’s previously announced $1 billion Series F round led by Coatue, which valued the company at $22 billion and attracted investors including Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Since that round, reports have suggested Kalshi is now pursuing an additional $750 million raise at a significantly higher $40 billion valuation, with talks reportedly involving Sequoia Capital and Wellington Management.

Kalshi Maintains Market Leadership

Kalshi continues to dominate the prediction market sector, reporting $40 billion in trading volume for July alone, far outpacing rival platforms Polymarket and Polymarket US, which recorded a combined $12.9 billion during the same period. The company’s rapid fundraising reflects growing investor confidence in the expanding prediction market industry.