“The prediction market is rolling out tokenized contracts on Solana to meet crypto traders where they already are, Kalshi told CNBC.”, — write: www.coindesk.com
The setup tokenizes Kalshi’s existing event markets, spanning politics to macro data, and makes them tradable on Solana, according to the Monday report.
Tokenized contracts work the same as Kalshi’s traditional products, but on-chain trading adds anonymity and aligns the exchange more closely with Polymarket’s model, the report said.
Tokenization is the process by which real-world assets are converted into blockchain-based tokens.
Support is already live, according to CNBC, with decentralized finance (DeFi) protocols DFlow and Jupiter connecting Kalshi’s off-chain order book to Solana liquidity.
Kalshi’s head of crypto, John Wang, told CNBC the move is designed to tap deeper pools of capital as prediction-market activity accelerates.
Tokenization gives Kalshi access to “billions of dollars of liquidity,” lets developers build third-party front ends, and helps maintain competitive pricing, Wang said.
Founded in 2018, Kalshi became the first exchange to offer federally regulated event contracts tied to US congressional races in 2024 after a protracted fight with the Commodity Futures Trading Commission (CFTC), the report noted.
The firm now runs about 3,500 markets and closed a $1 billion funding round last month that valued the company at $11 billion, according to a TechCrunch report.
As Polymarket presses into the US, CNBC noted Kalshi will need more liquidity to keep pace, something crypto-native traders may be uniquely equipped to provide.
Read more: State of Crypto: Kalshi and Prediction Markets Face a Setback
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- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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The move will give access to the firm’s 50 million clients to invest in regulated digital asset ETFs, a reversal from Vanguard’s long-standing anti-crypto stance.
- Vanguard will allow crypto ETFs and mutual funds on its platform starting Tuesday, Bloomberg reported.
- The move gives 50 million clients access to regulated digital asset investment vehicles like those from rival BlackRock.
- Vanguard stood against offering crypto products to clients for years while rival asset managers like BlackRock, Fidelity jumped in with both feet.
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