Kalshi taps Solana to tokenize betting contracts: Report
The move could challenge other prediction platforms by providing Kalshi users with greater anonymity through tokenized buys and sales on the Solana blockchain.
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 has moved closer to courting cryptocurrency users by offering tokenized contracts, which are now live on Solana. The move tokenized 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.”
