BitMEX Introduces Prediction Market for Real-world events!

Creator: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Sep 13, 2023 11:34

BitMEX, a number one cryptocurrency derivatives trade, has introduced the launch of a brand new prediction market platform. The platform, which is known as Prediction, permits merchants to guess on the result of real-world occasions utilizing bitcoin because the underlying foreign money. At the moment, the platform gives three contracts: FTX chapter debt restoration charge, Bitcoin Spot ETF approval earlier than October seventeenth, and SBF going to jail. Extra contracts will probably be added sooner or later. The launch of Prediction is predicted to offer merchants with extra alternatives to revenue from their information of real-world occasions whereas additionally including liquidity to the BitMEX ecosystem.