Kalshi (N/A)

What is Kalshi? 🤔

Kalshi is a centralized prediction market licensed to offer its services in the United States, with support for crypto deposits on multiple blockchain networks, including Solana, BNB Chain, and others.

It enables users to predict real-world events and get rewarded if their predictions are accurate. On Kalshi prediction markets, each possible outcome is converted into tradable shares priced between $0 and $1, which can be traded until the event is resolved.

When a user buys a tokenized share, its price may increase as market confidence in that outcome grows, and decrease when confidence falls, similar to any other tradable asset. Once the event is resolved, the correct outcome becomes worth $1, while all other outcomes become worthless.

This way, the Kalshi prediction market platform creates a self-regulated probability market where traders determine and price in the chance of a specific result occurring. At the same time, niche experts who make correct assumptions are rewarded for their efforts.

According to CoinDesk, it stands out with the largest prediction market and over $4.47B in trading recorded in Q3 2025, surpassing its crypto rival, Polymarket. 

🪙 Kalshi token: There is no direct claim from the team that the protocol will release a crypto token or will conduct a Kalshi token airdrop. However, recently, the Kalshi betting protocol has begun actively moving into crypto, integrating multiple blockchains for crypto deposits and partnering with Phantom Wallet, one of the largest Solana wallet.

Since the prediction market narrative has originated mainly within the crypto community, the Kalshi app will likely continue targeting Web3 users with additional crypto-like features, potentially including a Kalshi crypto token.
 

Considering this info, the CoinLaunch team conducted comprehensive research on the Kalshi betting protocol and identified some of its most important pros and cons:
 

✅ Kalshi pros:

• The product aligns with the current narrative of prediction markets;
• Leading prediction market in the U.S. and worldwide;
• Strong PR and SEO performance;
• Above-average SMM, marketing infrastructure, influencer marketing, and growth marketing;
• Raised over $1.515B with $11B valuation during the latest round;
• Strong network of investors, including Coinbase Ventures, Sequoia Capital, Paradigm, a16z, and others;
• Solid network of partners, including Phantom Wallet, Crypto.com, CNN, and more;
• Core team members have work experience at Goldman Sachs, MIT School of Engineering, and Uber.
   

❌ Kalshi cons:

• Native token is not confirmed;
• No security audits.