The Form D lists 71 investors and says Kalshi is relying on an exemption that allows certain private offerings without SEC registration.
Source: [CoinTelegraph](https://cointelegraph.com/news/kalshi-1-5-billion-equity-offering-1-12-billion-sold?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)