Kalshi Quietly Raises $1.12B—Why Now?

Kalshi has raised about $1.12 billion through a private equity offering that began on April 3, 2026. The company is targeting nearly $1.5 billion, leaving about $380 million still available under the offering. A total of 71 investors have participated, according to the latest Form D filing. The raise follows Kalshi's $1 billion Series.