Kalshi, a prominent US-based prediction market, has taken a significant step by introducing native support for USDC deposits through the Base network. According to the results published in the material, this initiative is designed to broaden funding options for users and streamline participation in its regulated event contracts, particularly for those familiar with cryptocurrency.
Integration with Base
The integration with Base, one of the fastest-growing Layer 2 solutions, allows Kalshi users to effortlessly navigate between cryptocurrency and traditional financial markets. This move comes in response to a growing demand from users who prefer to fund their accounts using crypto assets.
Automatic Conversion of Deposits
Deposits made via the Base network will be automatically converted into USD on Kalshi's backend, making it easier for on-chain users to access the platform. Additionally, Base builders are encouraged to apply for grants aimed at developing on-chain prediction market products on Kalshi. This will further enhance the ecosystem and connectivity between crypto liquidity and regulated financial offerings.
In a related development, World Central Kitchen has been utilizing Ripple's blockchain technology to enhance its disaster response efforts, ensuring faster fund distribution to local partners. For more details, see read more.
