Key Takeaways
- Kalshi will enable clients to place bets on Bitcoin and Ether's price movements through prediction contracts.
- The platform, regulated by the Commodity Futures Trading Commission, ensures a secure environment for betting in US dollars.
- Prediction options range from daily to annual price events, including a contract on when Bitcoin will hit $100,000.
Kalshi, a prediction market based in the United States, has recently launched prediction contracts that speculate on the price dynamics of Bitcoin (BTC) and Ether (ETH).
This move marks a significant expansion of Kalshi's bet offerings, which traditionally cover various events in sectors such as economy, politics, and technology.
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Since its foundation in 2018, Kalshi has been regulated under the Commodity Futures Trading Commission, providing a reliable platform for bets.
At the time of reporting, Kalshi allows its clients to bet on three Bitcoin and two Ether contracts. These include betting on the daily prices of these cryptocurrencies, how high they will go this year, and predicting when BTC will hit $100,000.
All bets on Kalshi's platform will be conducted in US dollars and will adhere to the platform's standard betting format, which primarily revolves around "yes" or "no" scenarios.
This expansion not only broadens the scope of events that users can bet on but also reinforces the platform's position at the intersection of finance and technology.
In other news on crypto developments, BNB Chain has introduced a new rollup service to facilitate the development of Layer-2 blockchains within its network.
