Kalshi Brings Prediction Markets to Solana
Kalshi officially moved its prediction markets to the Solana blockchain. The federally regulated exchange now offers tokenized predictions on decentralized platforms. This integration connects traditional U.S. financial standards with crypto technology to compete directly with offshore rivals like Polymarket.
Tokenized Trading and Infrastructure
Kalshi describes this shift to blockchain as the “endgame” for its platform. By moving “on-chain,” the exchange introduces tokenized predictions that function as digital assets.
This structure allows for instant, non-custodial trading. Users maintain control over their assets while participating in a market that remains under the oversight of the Commodity Futures Trading Commission (CFTC).
The system operates through a hybrid Request for Quote (RFQ) model. This technology executes trades on the blockchain atomically while pulling from Kalshi’s deep liquidity pool.
To support these operations, the markets run on USDC. This digital dollar provides price stability and ensures rapid settlement.
For security, Coinbase Custody holds all USDC deposits. This arrangement provides institutional-grade protection for user funds. A company statement highlighted the role of this stablecoin:
“Kalshi’s markets are powered by USDC, a fully backed digital dollar that combines the efficiency of crypto with the reliability of traditional finance. USDC offers price stability, instant settlement, and seamless interoperability, which makes it ideal for the real-time nature of prediction markets.”
Platforms and Rollout Timeline
Access to these new tokenized markets is available through specific Solana-based exchanges. Jupiter Exchange and DFlow currently list the markets. Kalshi also announced that AxiomExchange will join the ecosystem soon.
The integration process began earlier in 2025. Jupiter listed Kalshi markets in a beta phase during the fall, covering Formula 1 events. By late October 2025, the offering expanded to include NFL and NBA games.
The full launch in December opened the door for native deposits using SOL and USDC tokens.
Developer Ecosystem and Grants
To encourage growth, Kalshi launched the “KalshiEco Hub” in coordination with Solana and the Base network. This initiative includes a grant program valued at over $2 million.
The goal is to attract developers to build tools such as trading terminals, weather tracking sites, and AI agents on top of Kalshi’s infrastructure.
A key feature of this ecosystem is the introduction of “Builder Codes.” These codes allow third-party developers to monetize their applications. Creators earn fees that increase as trading volume grows on their specific tools.
“This also marks the launch of Kalshi Builder Codes, which enable anyone to permissionlessly monetize applications built on top of our global liquidity pool.”
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