Kalshi supports tokenized prediction contract trading on Solana (SOL)… On-chain competition intensifies
Summary
- Kalshi announced that it supports Solana (SOL)-based tokenized prediction contract trading.
- It said Solana-based trading secures accessibility, anonymity and emphasizes improvements in trading speed and costs.
- Kalshi said it is accelerating market share expansion along with attracting investment from large venture capital firms.
Prediction market Kalshi is supporting trading of tokenized prediction contracts based on Solana (SOL), accelerating competition in the on-chain prediction market.
On the 1st (local time), CNBC reported that Kalshi has tokenized its prediction contract products to enable real-time trading on the Solana blockchain. Through this, existing Kalshi platform users can transfer all prediction contracts on-chain or trade them immediately on secondary markets.
Kalshi explained, "Through Solana-based trading, we have secured accessibility and anonymity, and will provide a user experience significantly improved compared to before in terms of trading speed and cost." The industry views this move as a signal that it is formally challenging Polymarket, which has led the on-chain prediction market.
Meanwhile, Kalshi is accelerating its market share expansion by attracting investment from large venture capital firms along with a recent sharp increase in users.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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