Kalshi Launches Tokenized Event Markets on Solana

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Kalshi Launches Tokenized Event Markets on Solana Blockchain

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 02, 2025

Key Takeaways

Kalshi has allowed users to trade tokenized event contracts on Solana, which expands its prediction markets to the blockchain;
The decision aims to attract crypto traders, boost liquidity, and allow third-party developers to build on Kalshi’s system;
DeFi platforms Jupiter and DFlow will connect Kalshi’s markets to Solana’s liquidity.

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Kalshi Launches Tokenized Event Markets on Solana Blockchain

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Prediction platform Kalshi has started allowing users to trade digital versions of its event contracts on the Solana SOL $127.13 blockchain.

According to a report by CNBC on December 1, the change brings Kalshi’s event-based markets onto a public blockchain.

These contracts are tokenized, which means users can buy and sell them directly on Solana rather than only within Kalshi’s system.

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John Wang, Kalshi’s head of crypto, told CNBC:

There are a lot of power users in crypto. This is about tapping into the billions of dollars of liquidity that crypto has, and then also enabling developers to build third-party front ends that utilize Kalshi’s liquidity.

By linking its contracts to a blockchain, Kalshi hopes to attract more crypto users and make its markets easier to access.

The decision may also create new competition for other prediction platforms such as Polymarket. Tokenized contracts can allow users to trade with more privacy while using decentralized networks.

The report added that DeFi platforms Jupiter and DFlow will connect Kalshi’s offchain orderbook with Solana’s trading system to provide smoother access to liquidity.

Kalshi’s growth in 2024 followed a court decision that allowed it to offer markets on political outcomes before a US election.

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