Kalshi Pushes Further Into Crypto With On-Chain Prediction Markets on Solana

In brief

  • Kalshi’s event contracts are now tokenized on Solana.
  • The firm is creating a $2 million grants program for builders who help distribute its markets via their front ends or innovative applications.
  • Kalshi recently reportedly raised $1 billion, pushing its valuation to $11 billion as prediction markets grow.

Major prediction market firm Kalshi is now offering on-chain event contracts, allowing users to place their predictions on the Solana blockchain, the firm announced on Monday. 

The move allows Kalshi to tap into the finances of the crypto economy and will aggregate its on-chain and off-chain liquidity into one major pool. 

“The ultimate moat for any exchange is liquidity,” Kalshi Head of Crypto John Wang posted on X. 

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