Kalshi Taps Solana to Offer Tokenized and Anonymized Prediction Contracts
Predictions platform Kalshi is embracing blockchain innovation, launching tokenized event contracts on the Solana network to court crypto-native users and tap into decentralized finance liquidity.
Furedata - The predictions platform Kalshi has initiated a significant move into the blockchain space. The company now enables users to buy and sell tokenized representations of its event contracts directly on the high-performance Solana network, aiming to attract cryptocurrency enthusiasts.
According to CNBC (December 2, 2025), This strategic pivot converts bets on diverse outcomes, including U.S. elections and sporting events, into tradable digital assets. Per a CNBC report, the integration is now live, making these unique financial instruments accessible and exchangeable within the dynamic Solana ecosystem.
John Wang, Kalshi’s head of crypto, explained the dual purpose behind the initiative. The company seeks to tap into the billions of dollars in liquidity within the crypto market and empower developers to build third-party applications using Kalshi's underlying liquidity infrastructure.
This tokenization effort could disrupt the market share of rival platforms like Polymarket by offering Kalshi's users a greater degree of anonymity. The firm will reportedly use DeFi protocols Jupiter and DFlow to bridge its off-chain order book to Solana’s on-chain liquidity.
The company's recent growth follows a landmark court decision in 2024 that permitted it to offer contracts on political events. Subsequently, the U.S. Commodity Futures Trading Commission opted to drop its appeal of that ruling, solidifying Kalshi's legal standing.
Kalshi’s financial valuation has also seen a substantial increase, reportedly reaching an estimated $11 billion. This follows a significant funding round, placing it on competitive footing with other heavily backed platforms and signaling strong investor confidence in its model.
The broader prediction market is witnessing increased attention from major financial technology companies. For example, Robinhood entered the sector through an acquisition, while reports indicate cryptocurrency exchange Coinbase is also exploring a similar strategic entry into this burgeoning space.