El Salvadoran President Nayib Bukele has drawn attention to prediction markets, with growing bets that the country’s Bitcoin holdings will reach $1 billion by year-end. The surge in betting activity comes after a series of recent tweets from Bukele highlighting Kalshi’s prediction market. 📈 Kalshi, which has been tracking the odds since mid-August, reported a significant jump in the probability of El Salvador hitting this milestone before November, with odds jumping from 20% to 38%. This follows a similar bet on Polymarket (43%) , both platforms offering predictions based on Kalshi’s data. Bukele’s Twitter post spurred renewed attention on prediction markets. 💡 Meanwhile, the controversy around El Salvador’s Bitcoin holdings continues. In July, the country’s central bank president and finance minister claimed a halt to Bitcoin purchases after an IMF loan agreement in 2024. However, Bukele himself and El Salvador’s Bitcoin office have continued tweeting about new Bitcoin purchases, currently reported at $709 million worth of BTC. The discrepancy raises questions about the true extent of El Salvador’s Bitcoin holdings. Despite these claims, prediction markets are attracting investors with their potential for insights into future market trends.