Kalshi CEO Outlines Plans for Digital Expansion

Kalshi aims to integrate with major blockchain applications and exchanges within the next year.

Kalshi, a prediction market platform, aims to integrate with all major blockchain applications and exchanges within the next year, according to John Wang, the head of the cryptocurrency department, as reported by The Block.

Wang stated that the company is focusing on the crypto community—”power users” who are at the forefront of finance and technology.

The expert noted that the platform is creating an ecosystem for developers: tools for real-time event data transmission to the blockchain, as well as for building AI agents and advanced interfaces.

In September, Kalshi announced a partnership with the blockchains Solana and Base, launching a grant program for innovators. Wang emphasized that the company plans to collaborate with other networks to attract new communities.

Prediction Markets as a Gateway to the Crypto Economy

The top manager likened prediction markets to a “Trojan horse” that will help users enter the digital economy. According to him, such markets are easier to understand than traditional crypto options and can attract a new audience.

Meanwhile, on-chain initiatives will complement but not replace the main platform.

Kalshi strengthened its position by increasing its share in the prediction market from 3.3% to 66% over the year, surpassing its main competitor, Polymarket. This growth is attributed to the popularity of American football contracts.

Wang attributed this success to three years of work on regulatory compliance. Previously, the platform won a lawsuit against the CFTC, which allowed it to lift the ban on election-related contracts.

Currently, Polymarket is preparing to return to the U.S. after a four-year ban by the regulator. The company acquired QCX LLC (now Polymarket US) for $112 million, obtaining a Designated Contract Market (DCM) license, which permits offering contracts on sports and political events to American users.

What’s Next?

Wang emphasized that Kalshi will continue to refine its interface, adapting it to different market categories to stand out among competitors.

“The information flows and context for each market are unique, and our interface will reflect that,” he added.

Back in July, Kalshi integrated the AI bot Grok into its prediction platform.