Categories: Crypto

Kalshi now accepts Solana deposits after adding Bitcoin support

Key Takeaways

Kalshi has expanded its deposit options to include Solana and Bitcoin.
Kalshi converts all crypto deposits to US dollars through Zero Hash.

Prediction marketplace Kalshi continues to broaden its crypto on-ramp, now enabling users to fund their accounts using Solana (SOL) after adding support for Bitcoin deposits, the company announced on X on Friday.

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The CFTC-regulated exchange and prediction market, which lets users trade on the outcomes of real-world events, initially accepted only USD Coin (USDC) for crypto deposits.

However, it has expanded its crypto deposit options to include Bitcoin deposits via the native Bitcoin network since early April.

Crypto deposits on Kalshi are facilitated through a partnership with Zero Hash, which handles the transaction process to ensure security and regulatory compliance.

The expansion of supported assets is seen as part of Kalshi’s efforts to attract more crypto-native users and increase trading volume on crypto-related event contracts.

Crypto deposits on Kalshi are facilitated through a partnership with Zero Hash, which manages transaction processing to ensure security and regulatory compliance.

Kalshi offers hundreds of markets across 12 main categories, including over 50 crypto-specific markets where users can trade contracts based on Bitcoin price thresholds, legislative developments, and adoption milestones.

The new integration arrives amid a series of strategic partnerships.

Kalshi has recently teamed up with World App to launch a Mini App that enables users to access regulated prediction markets directly within the World App interface, including the ability to fund their Kalshi account using Worldcoin (WLD).

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

xAI will leverage news and historical data analysis to offer tailored predictions on topics such as central bank decisions, political races, and global developments, enhancing the forecasting capabilities available to Kalshi users.