Kalshi Launches Tokenized Event Bets on Solana Blockchain: CNBC
Kalshi is launching tokenized versions of its event contracts on the Solana blockchain to attract crypto traders.Summary
Prediction market Kalshi has begun offering tokenized versions of its event-contract wagers on the Solana blockchain, a move intended to draw in crypto traders currently using on-chain platforms like Polymarket. These tokenized contracts function identically to Kalshi's traditional offerings but enable on-chain trading, providing anonymity and aligning closer to Polymarket's model. Kalshi's head of crypto, John Wang, stated that this tokenization grants access to "billions of dollars of liquidity," allows developers to build third-party front ends, and helps maintain competitive pricing. Support for this integration is live through DeFi protocols DFlow and Jupiter, which connect Kalshi’s off-chain order book to Solana liquidity. This strategic shift comes as Kalshi, which recently raised $1 billion at an $11 billion valuation, faces increasing competition from Polymarket in the U.S. market.
(Source：CoinDesk)