Kalshi has introduced tokenized versions of its event-contract markets on the Solana blockchain, marking its boldest push yet into on-chain prediction-market infrastructure.
According to CNBC, the company has replicated its existing event contracts—including those tied to political races and macroeconomic indicators—by tokenizing them for Solana trading.
These contracts function identically to Kalshi’s traditional products but allow users to trade anonymously on a public blockchain, aligning more closely with Polymarket’s fast-growing model.
DeFi protocols DFlow and Jupiter are already supporting the rollout, connecting Kalshi’s off-chain systems to Solana-based liquidity. John Wang, the company’s head of crypto, said tokenization taps “billions of dollars of liquidity,” enables developers to build additional interfaces, and supports lower-cost markets.
Kalshi operates roughly 3,500 event markets and reached an $11 billion valuation following a recent $1 billion funding round. As Polymarket expands its U.S. footprint, Kalshi’s move aims to secure deeper liquidity and maintain its competitive edge.
You need to login in order to Like
Leave a comment