Digital CurrencyKalshi Partners with Zero Hash to Enable Instant USDC Funding

Kalshi Partners with Zero Hash to Enable Instant USDC Funding

Kalshi, a regulated exchange overseen by the Commodity Futures Trading Commission (CFTC), has announced a strategic partnership with Zero Hash, a stablecoin infrastructure platform. This collaboration allows Kalshi users to fund their accounts using USD Coin (USDC), which is designed to maintain a stable value pegged to the U.S. dollar.

Through Zero Hash’s “Account Funding” product, Kalshi users can deposit funds 24/7, enabling near-instant access to trading without the delays often associated with traditional banking hours. This integration allows users to convert USDC directly into fiat currency for trading, simplifying the process by removing the need for direct cryptocurrency management. Consequently, Kalshi can operate seamlessly in fiat currency while leveraging the speed and efficiency of stablecoins.

Earlier this month, Kalshi achieved a significant legal victory, winning a court ruling that permits the exchange to list prediction contracts regarding which political party will control Congress. The U.S. Court of Appeals granted this decision on October 2, following Kalshi’s lawsuit against the CFTC over previous denials.

Since its launch in 2020, Kalshi has emerged as a prominent player in the prediction market space, supported by major investors like Sequoia and Charles Schwab. It became the first CFTC-regulated exchange to offer event-based contracts, allowing users to buy shares based on predicted outcomes of real-world events.

Kalshi’s offerings include political contracts, with the upcoming U.S. presidential election available for trading. For users unfamiliar with prediction markets, platforms like Kalshi and Polymarket provide opportunities for individuals to speculate on the outcomes of real events by buying and selling shares linked to these predictions. This process is akin to placing bets, where investors can earn profits based on their forecasts of events such as elections or economic trends.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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