Venture Capital
Kalshi's SEC Form D Reveals $1.12 Billion Raised, 71 Investors, and Why You Probably Can't Get In at the Primary Level
On August 25, 2026, Kalshi Inc. filed a Form D with the SEC revealing it has sold $1,120,010,122 of a $1,499,997,894 private offering, with 71 investors in and roughly $380 million still...
Jeff Barnes, MBA··12 min read
Regulatory & Compliance
CFTC's Reversal on Gemini: What a Vacated 2022 Case Reveals About the New Enforcement Playbook
TL;DR: The CFTC and Gemini just jointly asked a federal court to vacate the 2022 consent order that made Gemini a poster child for crypto enforcement overreach. The agency admits the case relied on a...
Jeff Barnes, MBA··10 min read