Kazakhstan-based exchange ITS has launched its Prediction Market platform, enabling users to trade options based on the probability of specific events.
At launch, the platform offers four event contracts tied to Bitcoin, SpaceX, the National Bank of Kazakhstan’s base rate, and the Federal Reserve’s policy rate. The options trade at prices ranging from $0.01 to $0.99 until their settlement date, reflecting market participants’ collective estimate of an outcome’s likelihood. If an event occurs, the settlement value is $1; if it does not, the contract settles at $0. ITS plans to expand the list of available contracts.