Kalshi Integrates Mesh to Enable Crypto Deposits and Payouts

Prediction market platform Kalshi has officially integrated Mesh to facilitate direct cryptocurrency deposits and payouts. This infrastructure shift allows Kalshi users to connect their accounts to more than 300 wallets and exchanges, including major platforms like Coinbase, Binance, and MetaMask. By embedding this connectivity, Kalshi aims to reduce the friction typically associated with moving capital from digital asset holdings into regulated prediction markets.

Infrastructure and Regulatory Positioning

Kalshi operates under the oversight of the Commodity Futures Trading Commission (CFTC), a regulatory status that has historically constrained how the platform handles non-fiat assets. The integration with Mesh serves as a technical bridge to maintain compliance while expanding the utility of the platform. For a firm that processed $5.8 billion in monthly volume during 2025, the ability to tap directly into crypto-native liquidity is a significant operational upgrade. The platform currently supports approximately 140 distinct markets, and management expects that lowering the barrier to entry for crypto-native traders will increase overall platform activity.

Mesh brings substantial scale to this partnership, having recently secured $75 million in Series C funding at a $1 billion valuation. The firm claims a reach of 900 million users globally and is currently executing an expansion strategy across Latin America, Asia, and Europe. For Kalshi, the value proposition is not merely the addition of a payment rail, but the ability to capture a demographic of traders who prefer to keep their capital in digital form rather than converting to fiat before entering a prediction market.

Market Impact and Liquidity Dynamics

For traders, the primary question is whether this integration will lead to deeper order books in Kalshi’s prediction markets. Crypto-native participants often exhibit different risk-taking behaviors compared to traditional retail users, and the ease of deposits could lead to higher velocity in market participation. As Kalshi scales, the ability to manage these inflows while adhering to CFTC standards will be the primary test of the Mesh integration.

This move mirrors broader trends in the crypto market analysis sector, where platforms are increasingly prioritizing direct wallet connectivity to bypass traditional banking bottlenecks. While the integration simplifies the user experience, it also creates a new dependency on Mesh’s infrastructure for liquidity flow. Traders should monitor whether this change results in tighter spreads or increased volatility in Kalshi’s more speculative markets. The next concrete marker for this partnership will be the volume growth data following the full rollout of the integration, which will indicate if the crypto-native user base is effectively migrating to the platform to deploy capital in regulated prediction markets.