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Monday Dec 1 2025 21:50
2 min
Predictions platform Kalshi has reportedly begun allowing users to buy and sell tokenized versions of its event contracts on the Solana blockchain. According to a Monday CNBC report, Kalshi is moving closer to courting cryptocurrency users by offering tokenized contracts, which are now live on Solana.
The move tokenizes bets on the predictions platform, which includes US elections, sports, and more, making them tradeable on the blockchain. “There’s a lot of power users in crypto,” John Wang, Kalshi’s head of crypto, told CNBC. “This is about tapping into the billions of dollars of liquidity that crypto has, and then also enabling developers to build third-party front ends that utilize Kalshi’s liquidity.”
The tokenization move could challenge the market share of prediction platforms like Polymarket by giving Kalshi users more anonymity. DeFi protocols Jupiter and DFlow will reportedly bridge the company’s offchain orderbook to Solana’s liquidity.
Kalshi experienced a surge in activity in 2024 after a court ruling allowed the betting platform to offer contracts on political events leading up to a significant US election. In May, the US Commodity Futures Trading Commission moved to drop its appeal over the court’s decision.
A November funding round led by Sequoia Capital and CapitalG reportedly raised an additional $1 billion for the predictions platform, with an estimated valuation of about $11 billion. The move could put Kalshi on a similar playing field as Polymarket, which received a $2 billion investment from the Intercontinental Exchange in October. Other companies, such as Robinhood, have pushed into the prediction market sector through the acquisition of an FTX-linked exchange and clearinghouse. Coinbase is also reportedly exploring a similar move.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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