Bybit Odds Launched With 17,000 USDT Reward Pool

Bybit has launched its new product called Bybit Odds, which offers fixed-return contracts on crypto-price movements. The launch took place on September 20 at 8 p.m. ET (September 21, 2026, 00:00 UTC) and comes with a reward pool of 17,000 USDT. This product uses Tether (USDT) from users' Unified Trading Accounts.

The contracts offered by Bybit Odds come in three types: Up/Down, Price Target, and Price Range. For Up/Down contracts, payouts are displayed before a trade is placed, but the full allocated amount can be lost if the prediction is incorrect. These contracts expire after either five or 15 minutes.

Price Target contracts settle at 4 a.m. ET (8 a.m. UTC) on the expiration date and use one-second index-price readings collected during the final 30 minutes as their settlement value. Listed taker fees are 0.06% for Up/Down contracts and 0.045% for Price Target and Price Range contracts.