The investment trading platform ITS in Kazakhstan has launched a new product line called Prediction Market. This innovative feature includes options trading on the price of Bitcoin, shares of the American company SpaceX, and predictions on the National Bank of Kazakhstan's base rate exceeding 16.75%, as well as the upper limit of the US Federal Reserve's rate at 3.75%.
ITS has received approval from the financial regulator AFSA to operate under a special regime aimed at introducing new financial instruments through its FinTech Lab. According to the CEO of ITS, the options lineup is set to expand with new events, including macroeconomic indicators, commodity markets, and the corporate sector.