Connecticut Sues Kalshi Over Under-21 Marketing Claims

Kalshi's latest capital raise landed in the same week its state-level legal problems escalated. On August 26, FinanceFeeds reported that a new Form D showed about $1.12 billion of equity sold under a $1.5 billion offering, with roughly $380 million still available. Kalshi Raises $1.12 Billion With $380 Million Still Available Hours later, Connecticut filed a lawsuit that goes beyond the familiar…