Election betting market Kalshi to take USDC deposits

Competition is heating up among election betting platforms, with crypto-native Polymarket still strongly in the lead. 

Kalshi will start taking deposits in USD Coin (USDC), a popular stablecoin, as the prediction marketplace vies for users ahead of the United States’ November elections, the platform confirmed on Oct. 28.

Cryptocurrency deposits will be live imminently, with offramping managed by ZeroHash, a crypto payments platform, according to a report by Fortune magazine.

Competition is heating up among political betting platforms, with Web3 platform Polymarket decisively in the lead and rivals, including Kalshi, scrambling to catch up.

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