Prediction market platform Kalshi has expanded into cryptocurrencies by launching on-chain event contracts on the Solana blockchain, according to CNBC. This move enables users to trade tokenized versions of Kalshi’s event contracts while leveraging blockchain benefits such as non-custodial trading, faster settlement, and increased anonymity. 2023 is shaping up to be a significant year for prediction markets after Polymarket, one of its key competitors, recently received CFTC approval for U.S. market access. Kalshi aims to connect this approach with its existing off-chain liquidity pool by tokenizing event contracts and bringing the platform closer to a decentralized ecosystem.