Kalshi, the regulated prediction market under the Commodity Futures Trading Commission (CFTC), has expanded its offerings to include cryptocurrency prediction contracts.
Kalshi has introduced prediction contracts centered around major cryptocurrencies, Bitcoin and Ether, in a move set to captivate crypto enthusiasts and traders alike.
This initiative marks a significant expansion for the platform, which traditionally focused on event contracts related to various sectors, including economics, politics, health, and technology.
Cryptocurrency betting is now available
Kalshi’s foray into cryptocurrency prediction contracts allows users to place bets on various outcomes related to Bitcoin and Ether price movements. Among the offerings are contracts predicting when Bitcoin will hit key price milestones, including $100,000 and $150,000. The platform also lets users speculate on daily and annual price fluctuations for Bitcoin and Ether.
Despite the speculative nature of cryptocurrency betting, Kalshi maintains its commitment to regulatory compliance. As a designated contract market regulated by the CFTC, Kalshi ensures a secure and transparent environment for users to engage in prediction contracts.
Adding cryptocurrency prediction contracts reflects Kalshi’s dedication to expanding its predictive market offerings. By integrating popular digital assets like Bitcoin and Ether, the platform seeks to cater to a broader audience of traders and investors interested in the dynamic world of cryptocurrencies.
Predicting crypto market trends
Amidst the excitement surrounding Kalshi’s latest offering, prominent figures within the cryptocurrency space have weighed in on market predictions. Binance CEO Richard Teng expressed optimism about Bitcoin’s future trajectory, foreseeing a continued rally that could see the digital currency surpass $80,000 by year-end. Similarly, Crypto.com CEO Kris Marszalek shared a bullish outlook, predicting a significant surge in the total crypto market capitalization by 2025.
With the launch of cryptocurrency prediction contracts, Kalshi brings a new dimension to its regulated prediction market platform. By incorporating Bitcoin and Ether price targets into its offerings, Kalshi provides users additional avenues for speculation and investment. As the cryptocurrency market evolves, Kalshi’s expansion underscores the growing interest in digital assets and the demand for innovative predictive market solutions.
