Kalshi valued at $22 billion in latest funding round, WSJ reports

March 19 (Reuters) - Prediction markets platform Kalshi has secured a valuation of $22 billion in an ongoing financing round, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.

The company was valued at $11 billion in the previous round of funding in December when it raised $1 billion.

The latest round was led by investment firm Coatue Management and the company raised about $1 billion in new financing, the report said.

Kalshi platforms allow users worldwide to trade binary contracts on outcomes in politics, sports, economics and entertainment.

The company declined to comment, while Coatue did not immediately respond to a request for comment. Reuters could not independently verify the report.