Kalshi Denies Solana Deposits Amid Market Speculation

Community speculation about Solana deposits arises from perceived market demand for broader crypto support.

Kalshi, under the leadership of Tarek Mansour, has reiterated its crypto deposit policy. Currently, the platform accepts only USDC for deposits via Ethereum, Optimism, or Polygon networks. This enforcement follows a significant legal expansion with the CFTC, though support for Solana or other cryptocurrencies has yet to be officially announced.

Currently, Kalshi documentation states: ‘To ensure your deposit is successful please ensure you are sending USDC only (no other cryptocurrencies are accepted at this time). Do not attempt to send Bitcoin, Ethereum, Solana, or any other cryptocurrencies.’ — Tarek Mansour, Co-founder and CEO of Kalshi

Kalshi’s reiteration supports its commitment to regulatory compliance and streamlines processes for both retail and institutional participants. Maintaining this policy allows for high deposit limits and immediate trading access, although adoption of Solana could potentially broaden its market reach.

The help center statement provides clarity amid ongoing rumors and community discussions about potential broadening of crypto deposit options. Community anticipation for developments mirrors previous successful crypto-related functionalities introduced during notable U.S. events such as the elections.

Although no direct changes to SOL deposit integration have been confirmed, industry watchers, including 0xGumshoe, continue to speculate on Kalshi’s future announcements.

Historical precedents suggest any shifts will align with regulated frameworks established by prior legal victories.

The broader market impact of Kalshi’s policy primarily affects interactions concerning USDC, while speculation around potential SOL support remains unsubstantiated by official sources. Community reactions highlight an appetite for diversifying the assets accepted for deposits, pending official confirmation.