Kalshi doesn't currently involve any crypto. We're fully centralized, regulated by the federal government, and customer funds go to a traditional bank, where they sit in segregated member accounts.

Though we've built our exchange from the ground up, we're focusing on innovating on the markets side, rather than the financial plumbing side.

Oh, that makes sense. I was confusing you with someone else who is indeed web3. Mea culpa!