Kalshi Goes On-Chain With Tokenized Contracts on Solana, Challenging Polymarket on its Own Turf

Key Takeaways

• Kalshi has launched tokenized lawsuit contracts connected Solana.

• The pivot to on-chain trading challenges Polymarket connected its ain turf.

• Jupiter is the archetypal DEX to integrate the caller tokens.

Kalshi has launched tokenized prediction contracts connected Solana, marking its introduction into a tract that Polymarket presently dominates.

While Kalshi is the older platform, Polymarket’s on-chain level helped truly popularize the concept.

By pursuing its rival into on-chain contracts, Kalshi is looking to replicate its occurrence tapping into heavy crypto liquidity.

Since its motorboat successful 2020, Polymarket has go the default on-chain prediction market, favored by users who prioritize decentralization and permissionless trading.

As crypto-native users embraced the concept, an influx of stablecoin liquidity helped substance Polymarket’s growth.

For a while, the level surpassed Kalshi successful trading measurement and unfastened interest, contempt technically being exiled from the U.S. market.

However, successful 2025, Kalshi has progressively encroached connected Polymarket’s location turf.

In August, the steadfast hired prediction marketplace influencer John Wang arsenic its caput of crypto.

He acceptable to enactment expanding Kalshi’s crypto lawsuit coverage, which has grown to see implicit 90 tradable contracts.

However, though the level has embraced crypto narratives, crypto liquidity has remained retired of scope until now.

Kalshi’s tokenized lawsuit contracts are initially tradable connected the Solana-based decentralized speech (DEX) aggregator, Jupiter.

Other level integrations and enactment for EVM chains are planned astatine a aboriginal date.

From a trading perspective, Kalshi contracts are present adjacent much permissionless than those disposable connected Polymarket.

“Tokenization is the endgame,” Wang said successful a statement, adding that “it is non-custodial, instant, and crypto native.”

With heavyweight trading firms similar Galaxy Digital lining up to enactment arsenic marketplace makers, Kalshi’s caller absorption envisages the level evolving into a liquidity and solution furniture that bridges organization superior and permissionless blockchain apps.

To assistance turn the ecosystem astir tokenized contracts, the institution has besides launched a caller programme to supply backing and method enactment for builders.

For now, Polymarket inactive hosts the deepest markets.

As they conflict for dominance, the platform’s trading volumes importantly outstrip Kalshi’s for the astir fashionable events.

But with assorted third-party trading terminals and aggregators lining up to integrate its tokenized contracts, Kalshi whitethorn soon person an edge.

The station Kalshi Goes On-Chain With Tokenized Contracts connected Solana, Challenging Polymarket connected its Own Turf appeared archetypal connected ccn.com.