Solana Integration Boosts Kalshi’s Push Into Tokenized Event Contracts and Crypto Liquidity
Kalshi has taken a significant step in restructuring how prediction markets function by transferring its occasion contracts onto the Solana blockchain.
The transition brings U.S.-regulated prediction markets straight into decentralized finance, positioning the platform to compete extra carefully with its on-chain rival, Polymarket, whereas concentrating on deeper liquidity and broader consumer entry.
Prediction Contracts Move On-Chain
Kalshi’s occasion markets now function as Solana-based SPL tokens reasonably than entries on a centralized change. Through an integration with Solana protocols DFlow and Jupiter, customers can commerce “sure” and “no” positions through crypto wallets, faucet automated liquidity, and settle outcomes by on-chain logic.
The shift permits contracts to be traded, borrowed, lent, or used as collateral inside DeFi techniques. Kalshi is supporting developer participation with a $2 million grants program and a brand new Builder Codes system that rewards groups for driving buying and selling quantity by customized purposes.
Executives describe tokenization because the platform’s long-term technique, arguing that on-chain entry affords velocity, transparency, and programmability whereas preserving Kalshi’s CFTC-regulated framework. The hybrid mannequin hyperlinks decentralized liquidity with an off-chain matching engine.
Will the Move Capture Liquidity and Challenge Polymarket?
Prediction-market exercise has surged in 2025, with sector-wide quantity nearing $28 billion by late October. November noticed Kalshi document $5.8 billion in buying and selling, whereas Polymarket dealt with $3.7 billion following rulings that reopened U.S. entry.
Liqudity has change into the core aggressive issue. By issuing markets as commonplace Solana tokens, Kalshi expects automated market makers, buying and selling bots, and cross-protocol liquidity techniques to tighten spreads and enhance pricing accuracy.
Enhanced privateness is one other draw, with tokenized markets providing wallet-based buying and selling reasonably than identity-verified accounts. Industry analysts be aware that the transfer places Kalshi in direct competitors with Polymarket’s totally on-chain mannequin.
Solana Expands Multi-Chain Prediction Economy
Kalshi believes Solana is step one towards a broader on-chain structure. The firm plans so as to add EVM-compatible networks and deeper integrations with DeFi protocols to construct a multi-chain forecasting ecosystem.
Additional partnerships, together with earlier collaborations with Zero Hash and stablecoin custody assist from Coinbase, mirror an effort to streamline world accessibility.
With its valuation lately rising to $11 billion after a significant funding spherical, the corporate is signaling confidence that tokenized prediction markets will change into a regular format for forecasting and derivatives tied to real-world occasions.
As prediction markets evolve towards decentralized fashions, Kalshi’s Solana rollout marks a turning level in how regulated platforms work together with crypto liquidity and units the stage for intensified competitors throughout the sector.
Cover picture from ChatGPT, SOLUSD chart from Tradingview
