• Kalshi launches tokenised contracts on Solana to focus on crypto customers and increase liquidity.
  • November volumes hit US$5.8B (AU$8.97B) for Kalshi, US$3.7B (AU$5.70B) for Polymarket.
  • Builder Codes and a US$2M (AU$3.08M) grant programme goal to encourage developer engagement.

Kalshi, a number one US prediction market, has built-in tokenised occasion contracts on Solana, aiming to seize the rising crypto-native viewers and strengthen market liquidity. The platform now provides on-chain variations of hundreds of its markets, positioning itself as a direct rival to Polymarket, which is predicated on the Polygon blockchain.

The month of November set new information for each platforms, with Kalshi’s buying and selling quantity reaching US$5.8 billion (AU$8.97 billion) and Polymarket exceeding US$3.7 billion (AU$5.70 billion). These positive factors coincide with current CFTC rulings which have allowed Polymarket to renew operations within the US, growing the aggressive stress on Kalshi.

To assist this on-chain growth, Kalshi has partnered with Solana protocols DFlow and Jupiter, bridging its off-chain orderbook to on-chain liquidity. The introduction of Kalshi Builder Codes allows builders to construct purposes reminiscent of buying and selling terminals, analytics dashboards, and AI brokers, incomes charges based mostly on the quantity they facilitate.

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Enhanced Privateness on Solana

Kalshi has additionally launched a US$2 million (AU$3.08 million) grants programme to encourage progressive use of its markets, together with cellular apps, browser extensions, and information visualisation instruments. The agency’s valuation lately elevated to US$11 billion (AU$16.94 billion) following a US$1 billion (AU$1.54 billion) fundraising spherical, highlighting robust investor confidence.

Tokenisation permits customers to commerce contracts with enhanced privateness whereas retaining the identical core mechanics as commonplace Kalshi wagers, putting the platform on an equal footing with Polymarket’s on-chain system. John Wang, Head of Crypto at Kalshi, defined that participating crypto traders is essential to securing the liquidity wanted for aggressive pricing and market accuracy.

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