December 12, 2025, New York, Kalshi, a leader in prediction markets, is entering the cryptocurrency space by introducing tokenised event trading on the Solana blockchain.
With this action, the company hopes to take on Polymarket, a crypto-native rival, and reach millions of cryptocurrency users with its regulated markets.
Over 15 million people worldwide can now trade tokenised versions of Kalshi’s event contracts using SOL or CASH, Phantom’s stablecoin, thanks to a cooperation with Phantom Wallet.
Access is easy and seamless because users may buy and sell these contracts right within the wallet without ever leaving the app.
John Wang, Kalshi’s head of crypto, stated, “Crypto has a superpower user community.” “Every major cryptocurrency app should incorporate Kalshi’s prediction markets.”
Earlier this month, Kalshi teamed with DeFi platforms DFlow and Jupiter to route its order-book liquidity onto blockchain infrastructure and connected its markets with Solana.
While Kalshi is now concentrating its tokenised positions just on Solana, Phantom supports other blockchains such as Ethereum and Polygon.
Polymarket’s $3.7 billion monthly trading volume was just surpassed by Kalshi’s $5.8 billion. Cofounders Tarek Mansour and Luana Lopes Lara became millionaires after the firm secured a $1 billion Series E fundraising round led by Paradigm, valuing it at $11 billion.
Kalshi believes that its CFTC-approved contracts keep it compliant and fully operating, despite the fact that the entry into cryptocurrency coincides with ongoing regulatory talks in several U.S. states.
By integrating Phantom Wallet, Kalshi enhances its standing within the Solana ecosystem and provides cryptocurrency users with a controlled and secure means of engaging in tokenised event markets.
You need to login in order to Like
Leave a comment