Kalshi Adds Solana to Roster of Cryptos for Deposits
Posted on: May 25, 2025, 06:08h.
Last updated on: May 25, 2025, 06:08h.
- Prediction market operator said Solana can now be used to fund accounts
- Solana is the sixth cryptocurrency the company is allowing on its platform
Prediction markets operator Kalshi said on Friday that clients can now fund accounts with Solana, making that the sixth cryptocurrency accepted on the platform.
The company made the announcement in a post on X (formerly Twitter), noting it’s an extension of its partnership with Zero Hash. Rival Polymarket has been allowing customers to fund accounts with Solana since March. Solana joins Bitcoin, XRP, Worldcoin (WLD), Ripple USD (RLUSD), and stablecoin USDC as the digital currencies Kalshi clients can use to fund accounts. The prediction markets firm highlights some advantages pertaining to cryptocurrency deposits.
Depositing with crypto on Kalshi allows for immediate access to your funds, enabling you to participate in trades without any delay that usually occurs with traditional banking methods,” according to the Kalshi Help Center. “All successful deposits will be able to be traded in just minutes!”
The company also points out that customers opting for crypto deposits can fund accounts with as much $500,000 in one transaction, which is a higher limit than what’s available on traditional deposit avenues.
Why Kalshi/Solana News Matters
Prediction markets operators forging deeper into the cryptocurrency space is a sign those companies are capitalizing on another advantage they hold over traditional sportsbook opertators.
While courts are likely to have some say on matter, Kashi, PredictIt, and others can currently operate in all 50 states and there’s nothing to prevent those companies from accepting deposits in cryptocurrency — two luxuries that aren’t enjoyed by standard iGaming and online sportsbook operators.
Some gaming companies have signaled they’d be willing to accept crypto deposits from bettors, but it’s not an option they pursue with much vigor because they know that state regulators are likely to oppose it. That could also imply gaming companies may be reluctant to or forbidden from joining counterparts in other industries that are increasingly using bitcoin as an alternative to cash holdings.
“Bitcoin’s current rally has also been fueled by corporate treasuries deepening their exposure. Since the start of the year, publicly listed firms have expanded their holdings by 31%, now controlling around $349 billion worth of Bitcoin—approximately 15% of total supply, according to Bitcoin Treasuries,” notes deVere Group CEO Nigel Green.
Solana Familiar to Many in Sports Betting Space
As of this writing on Sunday, May 25, Solana is the sixth-largest cryptocurrency by market capitalization, meaning four of the top 10 are now available for funding Kalshi accounts. Solana is comfortably ahead of USDC for the sixth spot and is within striking distance of BNB for number five.
Solana is widely known for being the cryptocurrency on which many memecoins are based, meaning traders most have Solana wallets in order to transact in the highly speculative coins based on internet memes, politics, and pop culture.
The digital currency is also familiar to some sports bettors because some figures with ties to the industry, including David Portnoy and “Hawk Tuah Girl” Hailey Welch, have launched memecoins.
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