El Salvador president Nayib Bukele called attention on prediction markets, amid increased bets the country will have $1 billion worth of Bitcoin by the end of this year.
Bukele, who took to Twitter on Thursday (05/07/2013), tweeted about Kalshi’s prediction markets which show an increasing bet activity on El Salvador Bitcoin.BTCHoldings of ) will surpass $1 billion in late 2025.
“I could do the funniest thing right now,” Bukele saidEl Salvador’s odds to reach the $1 billion Bitcoin mark before November are low. jumped On Thursday, Kalshi increased from 20% to 38%.
Polymarket has launched a competitor platform shortly after Bukele. listed A similar wager, which had odds of 43% for a Bitcoin $1 billion milestone in December 2025.
Kalshi tracks the odds from mid-August
Kalshi has had a prediction market running on El Salvador’s Bitcoins worth $1 billion since August. “before December 2025” Bet holdings near 24 % “before November 2025” The 18% mark was hovering until recent days.
After the surge to 38%, “before November 2025” The bet fell to 27% while the “before December 2025” Bet hovered at around 35%.
Kalshi tracked the likelihood of El Salvador holding $1 billion worth of Bitcoins for several weeks, but rival platform Polymarket introduced a similar exchange only after Bukele sent out a tweet.
Related: Bitcoin investment banks coming to El Salvador — Gov regulator
“New Polymarket: Will El Salvador hold $1 billion of Bitcoin by…?” The platform posted On X, just hours after Bukele’s Thursday highlight of Kalshi’s market.
Cointelegraph contacted Kalshi and Polymarket to ask for their comments on the policies of the markets, but received no response by the publication date.
El Salvador Bitcoins: controversy abounds
You can also contact us by clicking here. Kalshi, Polymarket and other platforms are preparing to take advantage of El Salvador’s Bitcoins. But neither has set up betting markets on a recent controversy.
In July, El Salvador’s central bank president, Douglas Pablo Rodríguez Fuentes, and minister of finance, Jerson Rogelio Posada Molina, claimed that El Salvador had stopped buying Bitcoin after signing the $1.4 billion loan deal With the International Monetary Fund in 2024.
Related: Salvadoran President Nayib Bukele can now run for election indefinitely
Bukele’s Bitcoin Office and El Salvador continued to tweet new Bitcoin acquisitions, despite the fact that these claims were part of El Salvador’s communication with IMF. Bitcoin holdings at present are approximately reported At 6,282 bitcoin ($709 millions).
As yet, Juan Carlos Reyes the president of El Salvador’s National Commission on Digital Assets nor any of the other parties contacted have replied to Cointelegraph’s July request asking for clarification.
Toni Gemayel was a former Polymarket and Kalshi executive when the announcement came. announcing Clearing Company has raised 15 million dollars from investors including Coinbase Ventures.
Magazine: 3 people who unexpectedly became crypto millionaires… and one who didn’t
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
