WS #16466
Prediction markets are pricing in a high probability of Bitcoin trading above $72,000 by November 3, with additional contracts betting on $82k-$85k levels. This indicates sustained speculative appetite for crypto assets despite macro headwinds. The launch of Kalshi-powered prediction markets by Phantom wallet further integrates regulated event contracts into the crypto ecosystem, potentially driving retail participation.
Crypto and Prediction Markets
Prediction markets are pricing in a high probability of Bitcoin trading above $72,000 by November 3, with additional contracts betting on $82k-$85k levels. This indicates sustained speculative appetite for crypto assets despite macro headwinds. The launch of Kalshi-powered prediction markets by Phantom wallet further integrates regulated event contracts into the crypto ecosystem, potentially driving retail participation.