- Kalshi has partnered with CNN to complement the network’s reporting and forecasting models with real-time data and probability feeds.
- The move comes right after the decentralized prediction market established a major partnership with Solana.
Kalshi, a US-regulated exchange and decentralized prediction market, has partnered with CNN, one of the world’s largest international news networks. Both companies announced their historic tie-up on Wednesday.
Kalshi: A ‘Powerful Complement’ to CNN’s Reporting
According to Kalshi, its integration will serve as a “powerful complement” to CNN’s reporting. With it, journalists can easily provide their audiences with real-time information on the probabilities of future events.
The company said that its platform will run real-time prediction market data across CNN segments. These include election results, economic indicators, weather, cultural moments, or public feedback on specific issues.
Harry Enten, Chief Data Analyst at CNN, will help translate the platform’s data and polling to any given issue. Additionally, the data-driven insights will provide the network’s programming fact-checking features to ensure accuracy and reliability.
Kalshi is widely used by reporters, politicians, and analysts for live data and forecasts. It boasted calling the results of the recent New York City Mayoral election only eight minutes after the polls closed. It showed the outcome hours before the mainstream media.
Kalshi and Solana
Kalshi’s CNN partnership comes hot on the heels of its integration on the Solana (SOL) network. On Tuesday, the prediction market platform announced that it would bridge its deep liquidity to the Solana blockchain.
The link-up will allow the tokenization of Kalshi’s event contracts on Solana via the chain’s Dflow Prediction Markets API. Users can then utilize these assets to participate in the prediction market with more anonymity and flexibility.
First, traders submit their orders on-chain. Then, it gets filled through Kalshi’s order books. Next, the platform mints tokens that represent positions in its prediction market. After it resolves an event, winners can redeem their rewards in stablecoins, with payouts matching the official outcome determined by Kalshi.
“There’s a lot of power users in crypto,” John Wang, Head of Crypto at Kalshi, told CNBC in an interview. “This is about tapping into the billions of dollars of liquidity that crypto has, and then also enabling developers to build third-party front ends that utilize Kalshi’s liquidity.”
The tokenized event contract becomes a Solana Program Library (SPL) token. Besides enabling participation in Kalshi’s prediction market, this digital asset benefits from Solana’s composability in the decentralized finance (DeFi) space. Hence, holders can also trade their tokens, lend and borrow, use them as collateral, swap them, automate their use via AI agents, or integrate them into new trading architectures.
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