Quick Answer: Ultra-short-term cryptocurrency prediction contracts — allowing traders to bet on whether bitcoin and other tokens will be higher or lower in as little as five minutes — are generating around $70 million in daily trading volume across Polymarket and Kalshi. The surge is attracting retail speculation even as bitcoin remains more than 40% below its October peak, while creating new arbitrage opportunities for sophisticated high-frequency traders.

Five-Minute Bitcoin Bets Are Booming — and Wall Street’s Fastest Traders Are Watching

The financial industry has spent years debating whether cryptocurrency represents a legitimate asset class or a speculative vehicle. The latest development on America’s…