With Kalshi enjoying an uptick in trading volume, the prediction market platform has partnered with Solana and Base on the launch of an ecosystem hub.
“We’re backing offchain and onchain innovation, with dedicated grants partnering with Solana and Base,” Kalshi posted to X on Wednesday, announcing the launch of its Kalshi Ecosystem support network.
The move comes as the Paradigm-backed Kalshi has experienced an uptick in monthly trading volume. Last month, Kalshi registered $875 million in volume, compared to Polymarket’s $1 billion, according to The Block Data Dashboard.
After a big trading season ahead of last November’s U.S. elections, Kalshi’s trading volumes fell considerably. The platform has yet to complete a full month of over $1 billion in trading volume since last year. Meanwhile, Polymarket has recorded more than $1 billion in monthly volume multiple times, also according to The Block Data Dashboard.
Kalshi and Polymarket poised for growth
The prediction platforms landscape appears ripe for growth given the Trump administration’s willingness to facilitate innovation in the digital assets sector. Although their business profiles differ slightly, both Kalshi and Polymarket provide a means for people to wager on events like elections and sporting events using crypto.
Recently, Polymarket CEO Shayne Coplan said that the Commodity Futures Trading Commission had given his platform the “green light” to relaunch in the lucrative U.S. market. In 2022, Polymarket settled with the CFTC for allegedly offering illicit binary options contracts. In return, it agreed to wind down its non-compliant markets, and take preventative steps to block U.S. users on an ongoing basis.
In July, Polymarket acquired derivatives exchange QCEX in an effort to pave the way for its return to the U.S.
With Polymarket appearing to have the go ahead to relaunch in the U.S., last week reports suggested Polymarket is considering raising additional capital at a valuation between $9–$10 billion. Kalshi, meanwhile, is said to be “close to raising money at a $5 billion valuation,” according to a report last week.
Kalshi, which raised $185 million in June in a funding round led by Paradigm, is hoping to overtake Polymarket; and sports betting could be a path forward. Popular stock and crypto trading app Robinhood said last month its is launching a pro and college football prediction market with the help of Kalshi.
On the heels of Kalshi promoting the new ecosystem hub on Wednesday, one popular X user said they’d partnered with the platform in order to develop content around “competitive events” like the FIFA World Cup, League of Legends World Championship, and NBA and NFL games.
Coinbase, Crypto.com, and Underdog all rolling out, or exploring, their own prediction market platform.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
