Kalshi has launched tokenized versions of its event contracts on the Solana blockchain, a move aimed at attracting crypto traders who have fueled growth on rival platforms. The system allows users to buy and sell blockchain-based representations of Kalshi’s wagers, offering greater anonymity while preserving the structure of traditional event contracts. Liquidity protocols DFlow and Jupiter will act as institutional clients bridging Kalshi’s off-chain order book to Solana.
The initiative arrives as demand for prediction markets surges, with combined industry trading volume reaching nearly $28 billion through October and hitting weekly records. By tapping into the $3 trillion crypto market, Kalshi aims to secure deeper liquidity, enhance pricing efficiency and accommodate higher trading volumes from crypto-native users.
Founded in 2018, Kalshi operates roughly 3,500 regulated markets and last year raised over $300 million at a $5 billion valuation. As Polymarket returns to the U.S., Kalshi is accelerating its crypto expansion to maintain a competitive edge in the fast-growing prediction market landscape.
