The U.S. prediction market platform Kalshi will launch cryptocurrency price betting services

2024-03-18 16:45:26

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ChainCatcher news, according to The Block, shows that the U.S. prediction market platform Kalshi will launch five new event contracts for its customers on Monday, allowing them to bet on various market price trends of Bitcoin and Ethereum.

The five new products on Kalshi include a market event contract predicting the future value of Bitcoin, where users can bet on five price targets for this year—$75,000, $80,000, $90,000, $100,000, and $150,000 or higher. Other event contracts include estimating the price of Ethereum every day at 4 PM.

Users can place bets in U.S. dollars instead of cryptocurrencies. Kalshi allows users to bet primarily on "yes or no" themes across various fields, including the possibility of the Federal Reserve raising interest rates again or the likelihood of a hurricane hitting New Orleans in 2024.

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