LBank starts subscription for Kalshi-associated pre-IPO tokens with 500,000 USDT limit

LBank has opened subscriptions for a Kalshi-linked pre-IPO token offering with a cap of 500,000 USDT, according to the provided fintech roundup. The subscription window runs from October 29 to November 2.

How the offering is described

The roundup describes the planned offering as providing eligible users with tokenised economic exposure to Kalshi through third-party provider Paimon. That makes the structure of the exposure—not just the Kalshi connection—a key detail for readers.

The available summary does not specify eligibility requirements, pricing or the rights attached to the tokens. It also does not establish whether holders would have any direct ownership interest in Kalshi.

As of the roundup’s publication on Oct 31, 2026, at 10:54 AM ET, the stated subscription window was still open. The supplied material gives no subscription total or indication of how much of the 500,000 USDT cap had been filled.

What it means for prediction markets

• The exposure is to Kalshi’s economics, as described, rather than a specified event outcome. The summary does not identify any prediction-market contract associated with the offering.
• The intermediary matters. Paimon’s role is part of the stated structure, but the supplied material does not explain the underlying arrangements or token-holder rights.
• The cap is not a demand measure. The 500,000 USDT limit establishes the offering’s ceiling; without subscription figures, it does not show investor take-up.