Prediction markets · Crypto deposits
Fragmented crypto deposits, turned into a growth engine.
Kalshi, the CFTC-regulated event-contracts exchange, moved every crypto deposit path onto Mesh. Users now fund their accounts with whatever they already hold — any token, any supported network — converted and routed automatically by SmartFunding.
177%
increase in total monthly deposit count
~1 in 4
deposits now route through SmartFunding, and growing
9×
deposit-path expansion — 3 paths → 27 assets across 14 networks
16×
growth in bridging deposit transactions
~88%
of bridging from stablecoins on non-native networks
48 hrs
from first API call to production
Deposit-growth figures measured over the first three months after full SmartFunding deployment. Per Mesh data, 2026.
Users had the money. The rails couldn't accept it.
Crypto holders don't consolidate. One user might hold USDC on Polygon, USDT on Arbitrum, ETH in a self-custody wallet, and BTC on an exchange. Kalshi's native rails accept a defined set — so a large and growing share of users arrived ready to deposit but holding the wrong asset on the wrong network.
The result was failed deposits, invisible drop-off at the funding step, and volume that never landed. As Kalshi expanded to 140+ countries, that gap between attempted and completed deposits became a ceiling on growth.
One layer for every token and network.
Kalshi consolidated all crypto deposits onto Mesh through a single integration — wallet connections, exchange links, and QR code deposits alike. SmartFunding converts and routes assets at the moment of deposit: the user sends what they hold, Kalshi receives the asset it settles in, and the conversion and routing happen behind the scenes.
Kalshi keeps full control of its interface and user experience. Mesh handles the deposit logic — including real-time wallet verification before processing, which matters for a CFTC-regulated platform where preventing failed and fraudulent deposits is non-negotiable.
Higher conversion. More assets on platform.
In the three months after full SmartFunding deployment, Kalshi's total monthly deposit count rose 177%. Roughly one in four deposits now route through SmartFunding and the share keeps climbing, bridging transactions grew 16×, and the supported deposit footprint expanded 9× — from three paths to 27 assets across 14 networks.
About 88% of bridging volume now arrives as stablecoins on non-native networks — direct evidence that the asset-mismatch problem was the norm, not the exception. And Kalshi went live in 48 hours, reaching 140+ countries without building regional payment partnerships market by market.
"The barrier has never been interest, it's been infrastructure. Mesh fixes that."
John Wang — Head of Crypto, Kalshi
