Kalshi achieves tokenization of prediction markets through Solana, with political elections and other events becoming tradable assets.

Source: TokenPost Original Title: Kalsi, Solana(SOL) tokenizes prediction markets… 'Trump Presidential Election' will also be traded. Original Link: https://www.tokenpost.kr/news/blockchain/310211 The prediction market platform Kalshi has launched prediction contract NFT trading on the Solana blockchain. Prediction contracts for major events such as the US elections and sports competitions have been tokenized, becoming tradable assets.

Kalshi officially launches tokenized prediction markets through the Solana blockchain, introducing new services for cryptocurrency users. Betting contracts on various events, from the U.S. elections to sports events, have been tokenized, transforming them into tradable assets.

CNBC reported that the Kalshi platform has tokenized its prediction contracts on the Solana blockchain, allowing users to trade them as NFTs. This means that users can now buy and sell betting contracts on various event outcomes, such as the U.S. presidential election and sports match results.

Kalshi is the only legal prediction market approved by the U.S. Commodity Futures Trading Commission ( CFTC ), a move analyzed as a strategic initiative to expand the crypto user base. John Wang, head of crypto business, stated in an interview with CNBC: “Cryptocurrency has billions of dollars in liquidity, and we will encourage developers to leverage this liquidity to build the Kalshi interface.”

This blockchain-based tokenization goes beyond just a simple payment method and attempts to fully integrate prediction markets into the cryptocurrency ecosystem. In particular, Solana is popular among various dApp developers due to its fast transaction processing speed and low fees. Experts predict that the combination of a highly liquid cryptocurrency market and probability-based prediction markets will enable new forms of decentralized finance ( DeFi ) applications.

It is worth noting that Kalshi's prediction market also includes the results of the U.S. presidential election, making the relevant political figures the main trading targets.

Market Interpretation

Kalshi's prediction contract tokenization represents an attempt to merge cryptocurrency liquidity with prediction markets. The adoption of the Solana chain reflects strategic considerations for trading efficiency and dApp scalability.

Key Points

• The prediction market has a legal basis under CFTC approval, suggesting a point of contact with institutional finance.
• NFT-based trading prediction contracts can serve as a portfolio diversification tool.
• Prediction markets around political events may become a factor in attracting users.

Terminology Explanation

• Prediction Market (: Participants place bets on the outcomes of events, and the knowledge and probability judgments of market participants are reflected in the prices of the market.
• Tokenization ): The technology that converts traditional assets or contracts into digital tokens on the blockchain.
• Solana: A high-performance public blockchain with fast processing speeds and low transaction fees.