Kalshi built its reputation letting users trade on elections, inflation prints, and Fed decisions. Now it wants to be where traders speculate on Bitcoin prices with leverage.

The prediction market platform plans to launch perpetual futures tied to the prices of cryptocurrencies in the coming weeks, according to a Bloomberg report, citing a person familiar with the plans.

The move marks the first time Kalshi will offer a product outside its core event contract business and it puts the company in direct competition with some of the biggest names in crypto.

What happens when a platform built for betting on outcomes starts offering leveraged crypto trades? The answer matters for prediction…

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