TechFlow News, according to The Block, U.S. prediction market platform Kalshi will launch five new event contracts for customers on Monday local time, enabling users to place dollar-denominated bets on various price movements of Bitcoin and Ethereum.
The five new products on Kalshi include market event contracts predicting Bitcoin’s future value, allowing users to wager on five target prices this year—$75,000, $80,000, $90,000, $100,000, and $150,000 or above. Ethereum’s price will be estimated daily at 4 p.m.
Although the wagers are based on cryptocurrency prices, users can bet in U.S. dollars rather than using cryptocurrencies.
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