Online brokerage Webull offers cryptocurrency price prediction contract products through collaboration with Kalshi

According to Bloomberg, online brokerage Webull has partnered with prediction market platform Kalshi to launch Bitcoin and Ethereum price prediction contract products. This product allows users to place bets on cryptocurrency prices at specific points in time, such as determining whether Bitcoin is above $105000 at a certain point in time, with a minimum single bet amount of $5. Webull US CEO Anthony Denier stated that he is more inclined towards conservative strategies compared to competitors to avoid regulatory risks. The company plans to launch cryptocurrency spot trading before the end of 2025, and currently provides users with cryptocurrency asset exposure that reduces volatility risk through price forecasting contracts.