Crypto influencer John Wang joins Kalshi as Head of Crypto

Prediction marketplace Kalshi has appointed crypto entrepreneur and influencer John Wang as the company’s Head of Crypto.

Wang, known for his work in DeFi and blockchain product development, will focus on developing new crypto markets, expanding the network of developers, partners, and contributors building on Kalshi, and leading the platform’s on-chain initiatives.

“The next phase of crypto is about reaching new audiences, and joining Kalshi is my way of pushing that frontier,” he wrote in an X article.

Wang, the former President of Penn Blockchain, said he joined Kalshi to fully pursue his passion for prediction market trading and because he believes Kalshi is uniquely positioned to bring these markets into the mainstream as a trusted financial infrastructure.

“Crypto will be existential to Kalshi’s success just like it is for Robinhood, Stripe, and Coinbase,” Wang said.

In June, Kalshi reportedly raised $185 million in a funding round, reaching a $2 billion valuation. The investment was led by Paradigm and included Sequoia Capital and Multicoin Capital among others.

The round followed regulatory success with the US Commodity Futures Trading Commission, which strengthened the company’s position in crypto-based prediction markets.

The platform has already established partnerships with major brokers, including Robinhood and Webull, with plans to integrate with additional trading, fintech, social, gambling, and news applications.

“The team is exceptional, with engineers from Citadel/Jane Street and growth hires who founded products with millions of users. Despite being a multi-billion dollar company, people still grind every day in the office like its seed stage,” Wang stated. “Kalshi won’t win because they’re regulated. They’ll win because they’re the best.”