Kalshi now accepts Solana deposits after adding Bitcoin support

by Alison Buckland


Key Takeaways

  • Kalshi has expanded its deposit choices to incorporate Solana and Bitcoin.
  • Kalshi converts all crypto deposits to US {dollars} by means of Zero Hash.

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Prediction market Kalshi continues to broaden its crypto on-ramp, now enabling customers to fund their accounts utilizing Solana (SOL) after including help for Bitcoin deposits, the corporate introduced on X on Friday.

The CFTC-regulated alternate and prediction market, which lets customers commerce on the outcomes of real-world occasions, initially accepted solely USD Coin (USDC) for crypto deposits.

Nonetheless, it has expanded its crypto deposit choices to incorporate Bitcoin deposits through the native Bitcoin community since early April.

Crypto deposits on Kalshi are facilitated by means of a partnership with Zero Hash, which handles the transaction course of to make sure safety and regulatory compliance.

The growth of supported property is seen as a part of Kalshi’s efforts to draw extra crypto-native customers and enhance buying and selling quantity on crypto-related occasion contracts.

Crypto deposits on Kalshi are facilitated by means of a partnership with Zero Hash, which manages transaction processing to make sure safety and regulatory compliance.

Kalshi affords a whole bunch of markets throughout 12 most important classes, together with over 50 crypto-specific markets the place customers can commerce contracts based mostly on Bitcoin value thresholds, legislative developments, and adoption milestones.

The brand new integration arrives amid a sequence of strategic partnerships.

Kalshi has not too long ago teamed up with World App to launch a Mini App that permits customers to entry regulated prediction markets immediately throughout the World App interface, together with the flexibility to fund their Kalshi account utilizing Worldcoin (WLD).

Earlier this week, Elon Musk’s AI firm xAI formed a partnership with Kalshi to offer AI-generated insights for betting on real-world occasions.

xAI will leverage information and historic information evaluation to supply tailor-made predictions on subjects comparable to central financial institution selections, political races, and world developments, enhancing the forecasting capabilities out there to Kalshi customers.

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