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LBank sets November 2 launch for Kalshi-linked token trading

GlobalFinTechSeries reports LBank scheduled token distribution for its Kalshi-linked pre-IPO offering to begin on November 2 at 09:00 UTC, with xKLSH spot trading also scheduled to commence then. The offering offered cKLSH at 28 USDT with a six-month lock-up after a Kalshi IPO and xKLSH at 39 USDT, with a total subscription quota of 500,000 USDT and tokens backed 1 to 1 by Kalshi shares held through a special purpose vehicle.

LBank scheduled distribution of tokens from its Kalshi-linked pre-IPO offering to start on November 2 at 09:00 UTC, according to GlobalFinTechSeries. Spot trading in xKLSH was scheduled to begin at the same time.

Offering terms and share backing

The offering priced cKLSH at 28 USDT, with a six-month lock-up after a Kalshi IPO. It offered xKLSH at 39 USDT.

The total subscription quota was 500,000 USDT. According to GlobalFinTechSeries, the tokens are backed 1 to 1 by Kalshi shares held through a special purpose vehicle.

Scheduled launch, not confirmed trading

The report was published on Nov 2, 2026 at 5:45 AM ET. The supplied summary describes the distribution and trading timetable but does not confirm that either had begun.

The cKLSH lock-up is tied to a Kalshi IPO. The material provides no IPO date, leaving that timing separate from the scheduled token launch.

What it means for prediction markets

  • The scheduled xKLSH spot launch is a development in access to Kalshi-linked exposure, not confirmation of a Kalshi IPO.
  • The 28 USDT cKLSH and 39 USDT xKLSH offering prices should be read alongside their stated terms, including cKLSH’s post-IPO lock-up.
  • The 500,000 USDT subscription quota describes the offering’s size; the supplied material does not establish subscription demand or subsequent trading activity.
KalshiInfiniti MarketsInfiniti Signals

Sources & attribution

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    GlobalFinTechSeries
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