Kalshi Raises $1.12B as Prediction Markets Draw Institutions
Kalshi, a New York-based prediction market operator regulated by the Commodity Futures Trading Commission, has raised approximately $1.12 billion through a private equity offering, according to a Form D filing made public on August 26 and reported by Crypto Briefing. The offering began on April 3, 2026, and has drawn 71 investors so far, with roughly $380 million still available. The company is targeting a total of about $1.5 billion.
The private raise runs alongside a separate $1 billion Series F round that closed in May 2026, which valued Kalshi at $22 billion. Coatue led that round, with Sequoia Capital and Andreessen Horowitz also participating, Crypto Briefing reported. The outlet also noted reports from June through August 2026 indicating Kalshi is in talks for a further $750 million round that would value the company at $40 billion.
Crypto Briefing attributed the fundraising surge to a sharp rise in trading activity. Kalshi’s annualized trading volume reached $178 billion by April 2026, up from about $5 billion a year earlier, while institutional trading volume climbed 800% over the preceding six months, driven largely by sports-related contracts. Kalshi claims a 90% to 95% share of the US prediction market and reports annualized revenues exceeding $2 billion.
Kalshi operates as a designated contract market under CFTC oversight, allowing users to trade binary contracts tied to the outcomes of real-world events, including elections, economic data and sports results. Co-founders Tarek Mansour and Luana Lopes Lara are reportedly eyeing an initial public offering as early as 2027, according to Crypto Briefing.
The outlet noted that rival platforms such as Polymarket operate in the same space but lack the US regulatory clearance that has allowed Kalshi to court institutional clients directly.
Based on reporting by cryptobriefing.com.
