Revolutionizing Market Predictions: Kalshi’s Betting platform Expands to Include Bitcoin and Ether
The fast-growing prediction market platform, Kalshi, has unveiled its plans to allow betting on the value of two major cryptocurrencies, Bitcoin and Ether, opening up new vistas for crypto enthusiasts and investors.
Kalshi: Modifying the Face of Predictive Betting
Launched in November 2021, Kalshi has been working diligently to shake up the established landscape of predictive betting. “We offer fully collateralized binary options,” says co-founder Tarek Mansour. His vision is to have the company stand for consumer trust and transparency in the prediction market scene, which, he says, is largely devoid of such virtues.
Tapping into the Crypto Market
With an aim to diversify and cater to the enthusiastic crypto community, Kalshi has decided to launch options for betting on the value of Bitcoin and Ether. Citing the rise in demand for such markets, Mansour stated, “We’ve seen such an incredible demand here…So, we’re bringing these markets to our users.”
The Road Ahead for Kalshi
Looking forward, Mansour shared his optimistic view of the future, revealing significant plans for innovation. He stated, “We are actually planning on launching a DAO eventually. And we certainly plan on offering more and more crypto markets as the demand continues to expand.” While the move may seem ambitious, but the journey of Kalshi till now certainly promises a bold and dynamic future.
