Event contracts exchange Kalshi has reported raising $1.12 billion through a private placement of shares. The information comes from official documents filed with the U.S. Securities and Exchange Commission (SEC).
According to the filed disclosure, the first share sale took place in early April 2026. In total, Kalshi offered private investment funds shares worth $1.49 billion, but actually sold securities totaling $1.12 billion. This figure represents the cumulative amount of funds raised by the company between April and August 2026. The amount may also include a major $1 billion investment round that was reported in public sources in May of this year.
The May funding round, classified as a Series F, was led by investment firm Coatue Management. Other prominent venture and institutional investors participating in the deal included Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest. Following this round, Kalshi's valuation reached $22 billion.
The deal was structured as a preferred share issuance at a price of $604.86 per share. Under the placement terms, these preferred shares may be converted into common shares on a one-to-one basis upon an initial public offering (IPO). Based on the recorded valuation of $22 billion, participants in the May $1 billion round acquired approximately a 4.5% stake in Kalshi's share capital. According to the documentation, shares were sold directly, without the involvement of investment dealers as intermediaries.
Earlier, in June 2026, industry publications reported that Kalshi had begun actively preparing for a public exchange listing. According to press reports, the company is also considering raising an additional $750 million at a valuation of $40 billion. Such plans may indicate the continued growth of the company's market capitalization and an expanding investor base.
Kalshi is a regulated exchange platform specializing in trading derivative contracts tied to the occurrence of specific events. The company has obtained the necessary licenses from the Commodity Futures Trading Commission (CFTC) to provide such financial services in the United States. The attraction of significant venture and institutional capital reflects major investors' interest in the development of the predictive analytics and event derivatives market.
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This material is prepared for informational purposes only and does not constitute financial advice or a recommendation.