Mar 18, 2024 4:27 pm
US prediction market platform Kalshi to launch cryptocurrency price betting service
According to the official website of American prediction market platform Kalshi, it will launch five new event contracts for its customers on Monday, allowing them to bet on various market price movements of Bitcoin and Ethereum.
The five new products on Kalshi include a market event contract that predicts the future value of Bitcoin, allowing users to bet on five price targets for this year - $75,000, $80,000, $90,000, $100,000 and $150,000 USD or higher. Other event contracts include estimating the price of Ethereum every day at 4 p.m.
Users can place bets in USD instead of cryptocurrencies. Kalshi allows users to place bets on a variety of areas with primarily "yes or no" themes, including the likelihood of the Federal Reserve raising interest rates again or the likelihood of a hurricane hitting New Orleans in 2024. (The Block)