It was announced on Friday by Kalshi, the federally regulated New York-based prediction exchange, that account funding may now be carried out using Solana (SOL) deposits.
Solana Integrated as Funding Option on Kalshi
Founded in July 2021 and regulated by the Commodity Futures Trading Commission (CFTC), Kalshi has periodically expressed its backing for digital assets through a partnership established with Zero Hash.
This week, an announcement was posted by the company on X, stating that Solana (SOL) had been introduced as a supported method for account funding. The official message read that accounts could now be funded directly from users’ wallets.
A venue for trading standardized “event contracts” has been provided by Kalshi—these are binary outcome markets based on yes-or-no propositions linked to real-world occurrences such as elections, economic data releases, weather events, and cultural happenings.
Each contract is structured to pay out $1 if the defined condition occurs, with the market price representing a consensus probability determined by participant activity. SOL can be transferred by users to Kalshi, where it is automatically converted into fiat currency for use in trading these contracts.
USDC, RLUSD, WLD, BTC, and XRP are also supported by the platform. As outlined in Kalshi’s “Crypto Deposits” FAQ, users are provided with swift account funding and increased deposit limits of up to $500,000. Solana (SOL) was similarly introduced by Polymarket, a competing platform, in March.
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