Kalshi is introducing tokenized wagers on Solana, appealing to cryptocurrency holders. This move aims to rival Polymarket’s success, offering more anonymity and decentralized trading options. Kalshi is targeting the $3 trillion digital asset market to increase liquidity and expand its prediction market offerings, according to CNBC.

Founded in 2018, Kalshi has rapidly grown, offering over 3,500 event contracts. With a $5 billion valuation and prominent backers like Andreessen Horowitz and Sequoia Capital, the company aims to compete with Polymarket’s U.S. relaunch. Access to crypto holders’ liquidity is crucial for Kalshi’s growth and market competitiveness, CNBC reports.

Read more at CNBC: Kalshi makes move to court crypto traders with tokenized betting contracts