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Kalshi Adds Solana Support, Boosting Crypto On-Ramp Options

by | May 23, 2025 - 19:01

Prediction market platform Kalshi has expanded its cryptocurrency deposit options by adding Solana (SOL) support, marking its fourth digital asset integration after Bitcoin, USDC, and Worldcoin’s WLD token. The move comes as the CFTC-regulated platform seeks to attract crypto-native traders with faster settlement times and higher deposit limits compared to traditional payment methods.

The Solana integration allows users to fund accounts through Solana-compatible wallets, with deposits credited immediately according to the company’s announcement. Crypto deposits now enable a maximum funding limit of $500,000 – significantly higher than traditional banking options – while bypassing conventional financial system delays.

Kalshi’s crypto infrastructure relies on a partnership with custody solutions provider Zero Hash, which facilitates secure transactions across supported blockchains. The platform’s expansion into Solana follows its recent collaboration with Robinhood to launch prediction markets within the Robinhood Derivatives ecosystem.

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Solana’s Ecosystem Gains Institutional Recognition

Solana’s inclusion on a CFTC-regulated platform signals growing institutional acceptance for the high-speed blockchain, which processed over $7.9 billion in trades during the past 24 hours according to The Block’s SOL price page. The network’s native token currently trades at $181.67, reflecting a 12% weekly increase as developers continue optimizing its throughput capabilities.

Market analysts note that Kalshi’s integration could increase SOL’s utility in derivatives trading, particularly for event-based contracts covering political elections and macroeconomic trends. The platform recently saw users betting on recession probabilities hitting 43% for 2025 following renewed trade policy uncertainties.

Bitcoin and Stablecoin Foundations

While Solana represents the newest addition, Bitcoin and USDC remain cornerstone assets for Kalshi’s crypto-native users. The platform’s Bitcoin integration leverages Zero Hash’s wrapped BTC solution to ensure compatibility with Ethereum-based smart contracts powering prediction markets.

USDC deposits provide stability for traders hedging against volatile market movements, with the stablecoin maintaining its dollar peg despite recent regulatory pressures on issuers. Kalshi’s dual support for crypto and fiat deposits positions it uniquely in the prediction market sector, bridging decentralized finance with traditional speculative instruments.

Regulatory Compliance and Market Impact

As one of few fully licensed prediction markets in the US, Kalshi maintains strict KYC/AML protocols while offering contracts on sensitive topics like election outcomes and Federal Reserve rate decisions. Its CFTC oversight contrasts with decentralized alternatives like Polymarket, which face ongoing regulatory scrutiny.

The Solana integration arrives amid heightened market volatility, with traders increasingly using prediction markets to hedge portfolio risks. Crypto deposits now account for 38% of Kalshi’s total inflows according to internal metrics, suggesting strong demand for blockchain-based settlement in regulated financial products.

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Market Impact: Solana’s price surged 4.2% following the Kalshi integration news, outperforming Bitcoin’s 1.8% gain during the same period. The development highlights growing institutional demand for multi-chain infrastructure, with analysts predicting similar integrations for Avalanche and Polygon if regulatory clarity improves.

This article is for informational purposes only and does not constitute financial advice. Please conduct your own research before making any investment decisions.

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Dean J. Driessen

Dean J. Driessen

Editor-in-Chief / Coin Push Dean is a crypto enthusiast based in Amsterdam, where he follows every twist and turn in the world of cryptocurrencies and Web3.

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