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

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, according to 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.

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