Kalshi’s Game-Changing Prediction Market Hub Launches on Solana and Base

Prediction markets just got a major upgrade—Kalshi drops its new hub on Solana and Base, bringing high-speed betting to the masses.

Why This Matters

Solana's blistering transaction speeds meet Base's Ethereum security—creating the ultimate playground for real-time market predictions. No more sluggish settlements or gas fee nightmares.

The Setup

Traders can now speculate on everything from election outcomes to crypto prices with near-instant execution. It’s like sports betting for finance nerds—except with better odds and actual utility.

The Catch

Another 'revolutionary' platform promising to democratize finance—while probably just shifting fees from traditional brokers to network validators. Some things never change.

Bottom Line: Prediction markets are finally catching up to crypto's speed demands. Whether this actually improves forecasting accuracy or just creates new ways to lose money faster remains to be seen.

$875 million Trading Activity In One Month

The prediction platform experienced a surge in its monthly trading volume. This resulted in about $875 million last month. Although, this is still below rival Polymarket, which reached $1 billion in the same period. After a strong trading season ahead of the 2022 U.S. elections, Kalshi’s monthly trading dropped and has not yet crossed $1 billion in a single month since then.

Meanwhile, Polymarket has recorded multiple months exceeding $1 billion and recently received approval from the Commodity Futures Trading Commission to relaunch in the U.S., following a 2022 settlement over unregistered binary options contracts.

Polymarket also bought derivatives exchange QCEX in July to pave the way for its return to U.S. markets. Kalshi, backed by Paradigm, raised $185 million in June and is reportedly close to securing new funding at a $5 billion valuation.

Kalshi has also teamed up with Robinhood to launch college and professional football prediction markets. The new hub is attracting creators to make content for events like the FIFA World Cup, League of Legends World Championship, NBA, and NFL games. 

Moreover, other companies, including Coinbase, Crypto.com, and Underdog, are exploring or launching their own prediction market platforms.

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