CFTC-regulated prediction market exchange Kalshi has launched tokenized versions of its markets on Solana through an integration with DFlow and Jupiter, bringing federally regulated event contracts to blockchain infrastructure for the first time.
The DFlow Prediction Markets API enables developers to access all Kalshi markets as SPL tokens on Solana, allowing prediction market positions to be traded, borrowed, lent, or used as collateral within decentralized finance protocols. Kalshi is supporting the ecosystem with a $2 million grants program for builders.
The move represents a significant expansion for prediction markets into decentralized finance infrastructure. While platforms like Polymarket have operated on blockchain rails, Kalshi’s integration marks the first time a CFTC-regulated exchange has offered tokenized market access with full composability across DeFi protocols.
Jupiter, Solana’s largest decentralized exchange aggregator, will route trades through the tokenized markets alongside its existing liquidity sources, potentially exposing millions of users to prediction market trading.
“Tokenization is the endgame. It is non-custodial, instant, and crypto native,” Kalshi said in announcing the launch. The integration uses a hybrid request-for-quote system that executes trades onchain while drawing liquidity from Kalshi’s regulated exchange.
Founded in 2018, Kalshi became the first CFTC-designated contract market for event-based derivatives in 2020, establishing a regulated framework for trading on outcomes ranging from economic data to political events. The exchange has since built what it describes as the deepest prediction market liquidity globally.
The tokenization layer enables Kalshi’s market coverage to be accessed programmatically on Solana. When users place orders through the DFlow API, liquidity providers fill those orders and the protocol mints tokens representing the prediction position. When markets resolve, winning tokens can be redeemed for stablecoins.
DFlow’s integration uses Concurrent Liquidity Programs, a Solana-native framework that bridges offchain liquidity with onchain users through a multi-transaction model. The architecture allows high-frequency minting and burning of tokens while maintaining atomic execution guarantees.
“Once a prediction becomes an SPL token, it gains all the composability of Solana DeFi,” DFlow said in a blog post. “It can be borrowed, lent, used as liquidity, swapped, collateralized, automated, or integrated into entirely new trading architectures.”
Kalshi has also launched Builder Codes, allowing developers to monetize applications built atop its liquidity pool. Developers can earn fees and rewards scaling with volume across use cases including trading terminals, weather dashboards, AI agents, and analytics tools.
The company said support for EVM-compatible chains and additional integrations are planned. Pro trading terminal Axiom is among the first applications preparing to integrate the technology.
