Kalshi makes move to court crypto traders with tokenized betting contracts
A Kalshi billboard displaying New York City mayoral election odds in New York, US, on Monday, Oct. 27, 2024.
Michael Nagle | Bloomberg | Getty Images
Kalshi bettors can now buy and sell tokenized versions of their wagers on Solana, the company told CNBC exclusively on Monday. It’s the latest sign the prediction market company is deepening its push to win over the same cryptocurrency holders that have pumped billions of dollars of digital assets into its rival Polymarket.
Tokenization refers to creating a digital version of a real-world financial asset such as a stock, bond or treasury note. The resulting token, which can be held or traded like a normal asset, lives on a decentralized ledger called a blockchain, such as Solana or…
