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The US-based prediction market Kalshi has made SOL deposits possible. Customers can add funds to their Solana accounts in this way. This follows the addition of support for Bitcoin deposits. Kalshi and Zero Hash have decided to collaborate in order to make the Solana deposits possible. In addition to managing the transaction process and changing the contributions into US dollars, the company is also in charge of guaranteeing security and regulatory compliance. This move to allow SOL deposits is designed to boost activity on the platform, which has been proven to have many crypto users. It is also meant to increase trading volume on crypto-related event contracts. The exchange and prediction market, which is regulated by the CFTC and lets investors trade on how real-life events will turn out, originally only accepted USD Coin (USDC) as a form of crypto deposit. Kalshi Circle’s USDC for bets received up to $25M in deposits during the US election season. In early 2025, Kalshi achieved monthly volumes of around $13M, with a peak of $26M in October 2024. In early April, it added Bitcoin payments made through the Bitcoin network to the list of crypto deposits it accepts. Kalshi has over 50 crypto-specific markets where users can trade contracts based on Bitcoin price thresholds, legislative events, and adoption milestones. For instance, markets for betting on coins’ 2025 highs and lows, as well as on headlines such as US President Donald Trump’s proposed National Bitcoin Reserve. The platform has over 300 markets in 12 main categories. Several strategic relationships have led to the new integration. Kalshi and World App just released a mini app that lets users access regulated prediction markets from the World App interface. Users can also use Worldcoin (WLD) to pay their Kalshi account. This week, Kalshi announced its integration with Elon Musk’s AI company, xAI to offer AI-generated information for betting on events that happen in the real world. Although it was called off , this still shows that the company has plans to expand. Prediction markets, in particular, are starting to disrupt the sector. They’re growing fast in the US, and they’re not regulated the same way as traditional sports betting or online gambling. With both Kalshi and Polymarket, they are currently legal in all 50 states. Polymarket has been doing quite well because it doesn’t charge any fees to trade. Therefore, users can easily buy and sell shares, like betting on and against outcomes. If a user wants to cash out USDC, it costs 1.5%. However, the network fees are very low because it’s based on Polygon. Polymarket announced on March 25 that users can deposit SOL into their wallets. This to some extent has influenced Kalshi, its biggest competitor. In a now-deleted podcast segment, Kalshi CEO admits enlisting influencers to dis Polymarket. On the other hand, Kalshi charges 2% for each account withdrawal. They also charge a 1% trading fee that can’t be more than 10% of net profits and a 10% settlement fee on net wins. The fees differ for each payment method when you deposit or take money. In addition, Polymarket works in a bit of a legal gray area. Its website doesn’t list any official rules. This has made it blocked in several countries. There are some risks when it comes to clear laws and market trickery. For instance, it was accused of fraud after a $7 million market was allegedly manipulated by UMA whales. However, many users are interested in trends like Polymarket’s decentralized, blockchain-based website. This is what Kalshi has become interested in. With Kalshi, users can also use regular money, and the CFTC fully regulates it. This makes it easy to use, especially for more traditional people. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Anton Bukov, co-founder of 1inch, a decentralized exchange, has explained that operating procedures in DeFi are much cheaper than those that traditional banks use. During Dutch Blockchain Week in Amsterdam, Bukov explained that verifying documents and setting up accounts for a user at a traditional bank can cost $100-300. In comparison, online banks incur only $20-30 per user. Alternatively, using decentralized financial platforms is as easy as having a smartphone and an internet connection. According to Bukov, Defi can be used with little or no upfront cost. Since no equipment is involved and the system doesn’t require extended verification, transactions are convenient. Anyone who has internet can use it to send and receive payments easily. With its simplicity and low-cost structure, DeFi can serve more people than traditional banking because it can reach 1.4 billion unbanked people. Related: 1inch and Bruce Lee Family Collaborate to Promote Web3 and DeFi Onboarding traditional finance is expensive, which has prevented many from accessing it. Bukov said leaving the unbanked out of financial services makes sense as it does not offer better financial results. He noted that no one would invest such a large amount into them, knowing that he would never see those funds again. Unlike with traditional banks, where the barrier to entry is high, DeFi allows people with less access to finance to join the global economy. Bukov mentioned that DeFi will enable users to handle real-life financial transactions with stablecoins like Tether (USDT). This will make things accessible that were never possible for them before. He stated: “You can just get a phone, access to the internet, and you can exchange your chicken for USDT,” Bukov also pointed out that DeFi helps provide access to liquidity on a global scale. He believes cryptocurrency represents an independent economy, supported by billions of transactions carried out through decentralized systems. Liquidity in the financial sector makes it possible to try new strategies, channels for obtaining returns, and international businesses. He pointed out that those countries making it easier for investors to access global liquidity are likely to take advantage of new economic changes. He suggested that more involvement in crypto can be similar to international trade, pointing out that countries generally do better as they participate more in global trade. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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A Danvers resident was convicted and sentenced for running an unregistered Bitcoin transmitting business that ignored federal anti-money laundering laws. A Danvers man was sentenced on Friday to six years in prison for running an unlicensed Bitcoin ( BTC ) money transmitting business that authorities say converted over $1 million in cash, including money linked to scammers and a drug dealer. Trung Nguyen — also known as “DCS420” — was sentenced to six years in prison, followed by three years of supervised release, and was ordered to forfeit more than $1.5 million after being convicted in November 2024 of conducting an unlicensed money transmitting business and money laundering, the U.S. Department of Justice said in a Friday press release . Nguyen owned and operated National Vending between 2017 and 2020, a business that accepted cash from customers and sent them Bitcoin in return for a fee, but he failed to register it with FinCEN or comply with anti-money laundering rules required under federal law. Prosecutors claim Nguyen knowingly concealed his operation by presenting National Vending as a vending machine business and used encrypted messaging to make tracing transactions harder. “He [Nguyen] used encrypted messaging apps to communicate with customers, using technologies that made it more difficult to trace Bitcoin transactions and breaking cash deposits of more than $10,000 into smaller cash deposits over consecutive days or at different branches of the same bank.” U.S. Attorney’s Office, District of Massachusetts Prosecutors say Nguyen accepted hundreds of thousands of dollars from individuals, including a methamphetamine dealer and victims of romance scams. In early May, Alex Mashinsky, founder of the bankrupt crypto lending platform Celsius Network, was sentenced to 12 years in prison for his role in the company’s collapse, which cost users billions of dollars. Prosecutors said Mashinsky defrauded thousands of people, many of whom lost their life savings, while stealing more than $48 million from the firm. He pleaded guilty to securities and commodities fraud.