Key Takeaways:
- Solflare has also built prediction markets powered by Kalshi into its Solana wallet, eliminating the use of third-party services.
- The SOL or stablecoins allow users to buy tokenized YES or NO outcomes on real-life events, and have non-custodial control.
- The relocation emphasizes the increasing interest of regulated prediction market integration with on-chain crypto infrastructure.
Solflare has launched a significant upgrade to go beyond the limits of storage and swaps in crypto wallets. Beginning on December 26, the wallet based on Solana will allow users to trade prediction markets that are operated by Kalshi without leaving the app.
Solflare Introduces Prediction Markets On Chains
Kalshi and infrastructure partner DFlow Solflare, one of the most popular wallets in Solana, has formally added prediction markets to support prediction markets with Kalshi and DFlow. The update can be used to speculate on real-life outcomes right in their wallet interface.
The difference between Kalshi and others in the prediction market space is that it is regulated by the federal authorities of the United States. The only prediction exchange that is under the regulation of the Commodity Futures Trading Commission (CFTC) is it. Through the adoption of the regulated order books of Kalshi, Solflare introduces compliant event-based trading in a non-custodial crypto-environment.
The spectrum of markets in which this integration is dealt with is wide. The traders can trade the outcome of sports events, political events, milestones of prices in crypto, technological progress, and macroeconomic news. All this occurs without compelling users to get out of the wallet or injecting them into conventional financial rails.
Read More: Phantom Wallet Teams Up with Kalshi for Event Trading Feature
Prediction Market Trading Mechanism
The additional functionality is designed to be more native, as opposed to being more strapped. Active markets can be visited directly within Solflare, odds are shown real-time, and the user has the choice of YES or NO positions on particular outcomes.
Full User Control With Tokenized Positions
Every position is released as an SPL token at the Solana blockchain. This architecture will make sure that users have their trades intact in their possession at all times. Positions are not custodial, transferable, or exclusive to other Solana-based decentralized finance applications.
Funding can be made easy and crypto-native by making payments in either SOL or supported stablecoins. Upon the completion of an event, winners are automatically determined, and the payments are made according to the confirmed result. One of them is accessibility. Basic access does not require users to open a separate Kalshi account or follow through extra checks of identity. This drastically reduces the entry barriers as opposed to the conventional prediction platforms.
Kalshi’s Strategy of Bridging Regulation and DeFi
The Solflar