Kalshi Launches Onchain Event Contracts as Solana Integration Goes Live

Kalshi has transitioned its event contracts to the Solana blockchain, marking a significant shift in the operation of prediction markets by integrating U.S.-regulated platforms into decentralized finance. This move aims to enhance liquidity and attract a broader user base within the cryptocurrency community.

Kalshi has successfully raised $1 billion in its latest Series E funding round, resulting in a valuation of $11 billion. This funding comes after the prediction market platform experienced its highest trading volumes to date last month, indicating strong market interest and engagement.

Solana's on-chain flows indicate a significant supply shift as the cryptocurrency trades near key support levels, with recent price movements keeping SOL above $120 despite subdued demand from futures traders. This situation reflects ongoing volatility in the market, as traders remain cautious amidst fluctuating investor sentiment.

Bitcoin and major altcoins, including Pepe Coin, Solana, and XRP, experienced a significant price surge on December 2, recovering from previous losses. Bitcoin rose by 6.5%, while Pepe Coin, Solana, and XRP also saw notable increases, contributing to a rebound in the overall cryptocurrency market.

Solana exchange-traded funds (ETFs) launched on October 28, 2025, and experienced a remarkable inflow of capital, achieving 21 consecutive days of positive inflows leading up to Thanksgiving. This surge highlights a strong investor interest in Solana as a viable asset in the cryptocurrency market.

Kalshi has successfully raised $1 billion in a funding round, achieving an $11 billion valuation, which positions it as a leading player in the prediction market sector. This funding was led by Paradigm and comes after a period of significant trading volume growth for the platform.

Bitcoin exchange-traded funds (ETFs) have commenced December with modest gains, while Ether and Solana have experienced declines in value. This shift comes after a period of significant market fluctuations, with Bitcoin stabilizing around $86,000 despite a broader market downturn that saw a $600 billion decline in November.

Kalshi has launched tokenized event contracts on the Solana blockchain, marking its strategic entry into the crypto market to attract traders who have previously engaged with platforms like Polymarket. This move allows users to buy and sell tokenized representations of event contracts, enhancing trading flexibility and accessibility.