As traders pour hundreds of millions of dollars into presidential betting markets, the leading U.S. prediction platform Kalshi is launching crypto deposits—where users can fund their bets in the form of the stablecoin USDC rather than cash—in a bid to compete with its top rival, the offshore company Polymarket.
Starting today, Kalshi users will be able to load their accounts with USDC, a popular cryptocurrency pegged to the U.S. dollar. This move will allow Kalshi customers to move money faster and cheaper and help Kalshi challenge Polymarket’s crypto-powered platform, which has exploded in popularity during the 2024 election cycle.
