Kalshi has launched tokenized prediction contracts on Solana, challenging Polymarket in the on-chain trading space. Polymarket, favored for decentralization, faces competition as Kalshi taps into deep crypto liquidity. Despite Polymarket’s current dominance, Kalshi is gaining ground with its tokenized contracts on Jupiter DEX. Galaxy Digital and other firms are backing Kalshi’s move towards a liquidity and resolution layer. Kalshi aims to bridge institutional capital with permissionless blockchain apps. To support builders, Kalshi offers funding and technical assistance. Polymarket still leads in market depth, but Kalshi’s innovative approach could shift the balance of power in the prediction market realm.

Read more at Yahoo Finance: Kalshi Goes On-Chain With Tokenized Contracts on Solana, Challenging Polymarket on its Own Turf