Kalshi Adds Solana Deposits to Attract Crypto Users

Kalshi, a prediction marketplace based in the United States, has expanded its cryptocurrency support by adding Solana deposits. The marketplace announced on Friday, May 23, that it had enabled Solana (SOL) as a new account funding option. This update was shared by the Kalshi team on X. With this addition, SOL joins USDC (USDC) and Bitcoin (BTC) as deposit methods, with users also able to fund accounts with Worldcoin (WLD). Initially, Kalshi only accepted the Circle-issued stablecoin as its crypto deposit option.

By incorporating Solana, Kalshi aims to leverage the altcoin's growing popularity to attract more crypto users to its platform. This move increases competition with Polymarket, another prediction marketplace. While Kalshi offers various deposit methods, including bank transfers, debit cards, and wire deposits, cryptocurrency has become increasingly popular due to benefits such as fast transactions and higher deposit limits, which are particularly appealing to crypto-native users.

Kalshi's platform allows users to trade on a wide range of predictions, including politics, sports, weather, and crypto. The service is available across all 50 U.S. states. Both Kalshi and Polymarket feature crypto price forecasts as popular markets. Kalshi's website states that the platform offers a variety of cryptocurrency price markets, allowing users to trade contracts based on the price movements of cryptocurrencies such as Bitcoin or Ethereum. For example, traders on Kalshi have predicted that the price of Bitcoin could surge to highs of $150,000 or higher in 2025, giving this prediction a 39% chance of happening.

In November of last year, predictions on who would win the U.S. presidential election swung between Kamala Harris and Donald Trump before finally favoring Trump. Recently, Kalshi announced a major partnership with World App, aiming to bring regulated crypto-enabled predictions to World App users via a mini app. The collaboration plans to allow holders of Worldcoin to fund their Kalshi accounts with the WLD token. Additionally, Kalshi has partnered with Robinhood and Zero Hash, further expanding its reach and capabilities in the crypto prediction market.