Kalshi is deepening its push into crypto as demand for event-driven trading grows. The company introduced on-chain versions of its prediction markets on Solana through a new partnership with DFlow. The move strengthens Kalshi’s position in a fast-moving sector that now attracts heavy volumes from crypto traders worldwide. Besides, the expansion gives developers new ways to access regulated event markets using tokenized structures that fit directly into Solana’s ecosystem. Tokenized Event Markets Reach Solana Builders The launch centers on the DFlow Prediction Markets API, which brings Kalshi’s markets to Solana through real SPL tokens. DFlow designed the system to mirror traditional prediction contracts while adding DeFi-style flexibility for trading, automation, and liquidity sourcing. Developers can integrate the tokens into any Solana-based application and unlock access to deep markets across politics, macro data, and global events. The API includes full coverage of Kalshi’s catalog, just-in-time routing for stronger execution, and on-chain settlement for valid outcomes. Moreover, builders can use the API to create new interfaces, dashboards, and automated strategies without touching Kalshi’s core exchange. Kalshi believes this approach expands the design space for on-chain forecasting at global scale. Why Kalshi Sees Tokenization as the Endgame The company argues that tokenization unlocks broader liquidity by connecting regulated markets to the wider crypto economy. John Wang, Kalshi’s head of crypto, told CNBC that the goal is clear. He said, “There’s a lot of power users in crypto.” He added, “This is about tapping into the billions of dollars of liquidity that crypto has.” Kalshi offers anonymity for traders who prefer tokenized transfers instead of exchange accounts. This aligns the platform with behavior seen on on-chain competitors. The company expects stronger liquidity because crypto-native users trade faster, scale positions quickly, and respond rapidly to new events. Consequently, Kalshi launched a $2 million grants program to support early builders who integrate tokenized markets. The company introduced “Builder Codes” to reward teams that drive volume through custom tools. Growing Market With Rising Competition Prediction markets have seen substantial growth this year as traders position around global events. Volumes across platforms neared $28 billion through October. Weekly turnover touched new highs during major political and macroeconomic weeks. However, competition is tightening. Polymarket continues to expand its reach after a US relaunch. Hence, Kalshi aims to use its regulated status and deeper liquidity to maintain an edge as adoption grows.
