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Prediction Market Kalshi to Take Bets on Crypto (Settled in Dollars)

The CFTC-regulated platform will let traders bet on how high ETH will go this year and other price outcomes amid renewed interest in both crypto and prediction markets.

By Marc Hochstein|Edited by Nick Baker, Nikhilesh De

Updated Mar 18, 2024, 8:34 p.m. Published Mar 18, 2024, 2:41 a.m.

Group portrait centered on Isadora Duncan, seated with her hands in her lap holding a crystal ball and gazing downwards. She is surrounded by six other female dancers who are posing in standing, kneeling, or sitting positions, and all gazing at her. In the background are four curtained windows and potted plants. — Prediction markets are more reliable than other forecasting methods. (J. Paul Getty Museum, modified by CoinDesk)