Moomoo expands into prediction markets through Kalshi partnership
News Source : CoinDesk
News Summary
- Retail trading platform moomoo has partnered with Kalshi to offer CFTC-regulated event contracts.
- Contracts are exchange-listed derivatives that allow traders to take positions on whether a specific outcome will occur.
- Prices range from $0.01 to $1 and represent the market's implied probability of an event happening.
- Prediction markets have exploded in popularity since the 2024 u.s. election, evolving from a niche forecasting tool into a fast-growing corner of the retail trading market.
- The launch comes as interest in prediction markets continues to grow.
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