Mar 18, 2024

US Predictive Market Kalshi to Allow Betting on Bitcoin and Ether

US prediction market Kalshi to take bets on Bitcoin and Ether

Kalshi Launching Cryptocurrency Prediction Contracts

Kalshi, a United States-based prediction market, is gearing up to offer its clients the opportunity to bet on the price movements of major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH).

Through its website, Kalshi is set to launch prediction contracts that will allow clients to place bets on the price action of Bitcoin and Ether.

Currently, Kalshi’s “Crypto” section on its website offers three Bitcoin contracts, including one that predicts when the cryptocurrency will reach $100,000.

These contracts cover a range of monthly markets, with the closest one predicting that Bitcoin will hit $100,000 on March 28, 2024. The latest available bet is for December 31, 2024.

Kalshi Launches Crypto Betting Platform for Bitcoin and Ether Predictions

Kalshi has recently launched a new crypto betting platform, allowing clients to make predictions on the future prices of Bitcoin and Ether. This platform offers a unique opportunity for individuals to engage in the exciting world of cryptocurrency through a fun and interactive betting experience.

One of the contracts offered on Kalshi’s platform is a prediction on the potential high of Bitcoin in 2024. Clients can choose from five different contracts ranging from $75,000 to $150,000. Additionally, there is also a daily BTC price prediction with 15 markets to choose from, starting at $66,750 and ending at $70,250.

For those interested in Ether predictions, Kalshi offers contracts for both annual and daily price events. This allows clients to make informed bets on the future of this popular cryptocurrency.

Although the bets are centered around cryptocurrency prices, Kalshi only accepts U.S. dollars for placing bets. Similar to other bets on the platform, the crypto bets will primarily be based on “yes” or “no” outcomes across various scenarios.

According to industry media, the first bets on Bitcoin and Ether will be available on Kalshi’s platform starting March 18. This presents an exciting opportunity for individuals to engage in the ever-evolving world of cryptocurrency through a unique and innovative platform.

Kalshi Launches Bets on Bitcoin and Ether Price Movements

Kalshi, a financial exchange regulated by the Commodity Futures Trading Commission, has recently announced the launch of event contracts for Bitcoin and Ether price movements. This move comes amidst the growing popularity of Bitcoin price predictions, with the cryptocurrency reaching a new all-time high of over $73,000 on March 13.

Founded in 2018, Kalshi offers a unique platform for users to bet on various future events, including those related to economy, politics, health, tech, and science. The platform’s integration of AI technology ensures accurate predictions and a seamless trading experience.

Binance CEO Richard Teng has also weighed in on the Bitcoin rally, predicting that the cryptocurrency will surpass $80,000 by the end of the year. Teng’s confidence is fueled by the increasing adoption of spot Bitcoin exchange-traded funds in the United States, indicating a promising future for the digital asset in the web 3.0 era. CEO Kris Marszalek has made a bold prediction, stating that the total market capitalization for all cryptocurrencies will see a massive increase of 177% and reach an impressive $7.5 trillion by the year 2025. This projection highlights the significant growth potential of the rapidly evolving world of web 3.0 technology and its impact on the crypto market.

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