According to 币界网, Kalshi has launched a tokenized version of its event contract markets on the Solana blockchain, aiming to attract cryptocurrency traders and compete with platforms like Polymarket. The move tokenizes Kalshi's existing political and macro data markets and connects its off-chain order book with Solana liquidity via DeFi protocols DFlow and Jupiter. John Wang, Kalshi's head of cryptocurrency, stated that the initiative could provide 'billions of dollars in liquidity,' support third-party frontend development, and help maintain price competitiveness. The federally regulated exchange operates around 3,500 markets and recently reached a $110 billion valuation as it seeks larger capital pools with the growth of prediction market activity.
Kalshi Launches Tokenized Event Betting on Solana
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