Kalshi sold $1.12 billion in securities since April 3, according to a Form D filed with the SEC on August 25. Out of a maximum offering of $1.499 billion, $379.99 million remains available in this private placement. The U.S. prediction markets platform is simultaneously negotiating an additional $750 million with Sequoia Capital and Wellington Management at a $40 billion valuation, nearly double its $22 billion valuation from May. In July, Kalshi recorded $37.7 billion in volume, significantly outpacing Polymarket and Polymarket US which together total $12.9 billion.
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