Kalshi, the first CFTC-regulated exchange for event-based predictions, has drastically improved its payment infrastructure by partnering with stablecoin technology provider Zero Hash.
This improvement enables all Kalshi customers to access real time, compliant USDC deposits and withdrawals directly to their wallets across multiple blockchain networks.
Tackling Traditional Funding Challenges
Before integrating Zero Hash’s solution, Kalshi users faced delays with their ACH and wire transfers, particularly throughout critical trading times such as the elections. These limitations made it difficult for users to act quickly on last-minute trading opportunities.
Recognizing the need for instant, 24/7 funding, Kalshi turned to Zero Hash to implement a seamless and compliant digital-asset-funding system.
How the Zero Hash Integration Works
Zero Hash’s account funding system enables near-instant transactions and removes the complexities of handling digital assets. It works as follows:
- USDC Deposits: Users can fund their accounts with USDC across supported networks.
- Conversion to USD: Zero Hash handles compliance measures and seamlessly converts USDC to USD.
- Account Funding: Funds are instantly available in users’ Kalshi accounts, ready for trading.
- Withdrawals: Users can withdraw their balances, convert them back into USDC, and send them to their wallets.
This system operates around the clock, ensuring users can trade any time of the day or night without being constrained by traditional banking hours.
Immediate Impact
The integration with Zero Hash has delivered some phenomenal results within just days of the initial launch – these include:
- $25 million in USDC deposits processed within the first week
- $13 million deposited during the final two days leading up to the U.S. election.
- Over 17,000 users utilized the feature in the first 10 days.
This surge in activity highlights the growing demand for flexible, digital-asset-friendly funding solutions in the prediction market space.
Aligning with Kalshi’s Vision
Kalshi’s mission is to democratize access to prediction markets, allowing users to trade on future events easily. By embracing digital assets, the platform reduces barriers for a global audience while maintaining the regulatory rigor that sets it apart from competitors.
“Kalshi’s vision is to allow people globally to capitalize on their opinions and trade on future events 24/7/365,” said Tarek Mansour, co-founder and CEO of Kalshi.
“Zero Hash’s SDK radically reduced our time to market while seamlessly converting USDC into USD, abstracting away technical and regulatory complexities.”
Summary
Kalshi’s partnership with Zero Hash marks a pivotal moment in the evolution of Bitcoin prediction markets. By embracing differentiated funding types, Kalshi has improved its user experience and set the stage for future innovation.
With instant, compliant USDC deposits and plans to expand to other digital assets, Kalshi is leading the way in bringing prediction markets to a broader, more connected audience.
