Prediction markets, which have grown in popularity thanks to global interest in the 2024 US presidential election, continue to gain increasing integration with cryptocurrencies.
Kalshi, the most popular prediction market platform at the moment, is also accelerating its cryptocurrency integration.
Kalshi, a US CFTC-regulated forecasting platform, integrated support for Solana (SOL) in May, allowing users to fund their accounts with USDC and other crypto assets, enabling a seamless transition from traditional finance to blockchain.
Speaking at the Solana event, John Wang, Head of Cryptocurrency at Kalsi, explained why he chose Solana.
John Wang said Solana is ideally suited to Kalsi’s high-volume event contract trading needs, highlighting Solana’s high-performance, low-cost trading capabilities.
Mr. Wang emphasized that integrating Solana into the platform was an essential decision for Kalsi, stating:
“Integrating Solana (SOL) was definitely a decision we had to make.
Solana is effectively the largest consumer-focused blockchain, with all the necessary foundations for user input, including wallet infrastructure and data.
The development environment and support have been significantly improved compared to before.
Therefore, Kalsi plans to further collaborate with Solana to facilitate the emergence of new prediction markets and support developer bounty programs. ”
*This is not investment advice.
