American exchange Kalshi has officially integrated its contracts into the Solana network. Users can now place bets by buying and selling tokens instead of simply settling contracts within the platform. This move aims to attract the audience of its growing competitors.
The main difference with the new model is the ability to withdraw a bet to a personal wallet. The token functions like any other asset on a decentralized ledger, giving users a level of anonymity comparable to trading on Polymarket.
John Wang, the company’s Head of Crypto, attributed this decision to the need for scaling. The digital asset market is valued at $3 trillion, and Kalshi plans to capture a share of this liquidity.
Investors are showing record interest in prediction markets. Trading volume in the sector reached nearly $28 billion by October, with a weekly record hitting $2.3 billion. According to Wang, crypto traders trade more actively and in larger volumes than traditional investors, and access to their capital will allow the exchange to ensure competitive pricing.
At the same time, Polymarket is actively working on a US relaunch, and the battle for users is heating up. Kalshi is betting that its Solana integration and the ability to use third-party interfaces will help it win this race.
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