Kalshi

.Coinbase will launch an in‑house prediction‑market platform powered by Kalshi, announced at its Dec. 17 “Coinbase System Update.” The partnership, non‑exclusive but sole at launch, aims to broaden Coinbase’s product suite amid waning crypto sentiment and competition from Robinhood, Gemini and Kraken. Integrating Kalshi’s hybrid on‑chain/off‑chain contracts offers high‑margin revenue and regulatory compliance via Kalshi’s CFTC‑registered status. Success depends on robust technology, regulatory navigation, and user demand for diversified assets such as tokenized equities and event‑based contracts.

words.Kalshi has launched tokenized versions of its event contracts on the Solana blockchain, creating a hybrid market that links its regulated off‑chain order book to Solana’s liquidity pools via DFlow and Jupiter. Leveraging Solana’s low‑cost, high‑throughput network, Kalshi aims to attract crypto “power users” and capture part of the $3 trillion digital‑asset ecosystem. The move follows $300 million in funding at a $5 billion valuation and comes amid surging prediction‑market activity ($28 billion sector volume) and rising competition from rivals like Polymarket.

Kalshi, a $5 billion event-contracts marketplace, experienced user-reported glitches and delays during peak trading during college football games. Users reported issues with order processing and account balance visibility, affecting less than half the user base, according to Kalshi. A spokesperson stated the exchange “never stopped functioning properly,” and issues were being fixed. The incident occurred after a $300M Series D funding round, raising questions about scalability as Kalshi aims for institutional investors and market expansion. Its success relies on technology and risk management, highlighting challenges in a high-growth exchange environment.