Wintermute to launch multi-chain prediction market amid election betting craze

Wintermute to launch multi-chain prediction market amid election betting craze
фото показано с : cryptoslate.com

2024-9-18 00:30

Wintermute announced the creation of a smart contract for a new US presidential election prediction market called OutcomeMarket on Sept. 17.

The market, set to launch next week, will operate on several chains, including Ethereum (ETH), Base, and Arbitrum (ARB). Additionally, it will debut two new tokens called TRUMP and HARRIS.

OutcomeMarket aims to increase liquidity, efficiency, and accessibility by removing intermediaries and eliminating minting or transaction fees, allowing seamless participation across chains and multiple trading venues

OutcomeMarket

Unlike current prediction markets, which are typically confined to a single chain, Wintermute’s new model allows users to engage directly from their native blockchain ecosystems, eliminating the need for complex asset bridging.

The platform will utilize Chaos Labs’ Edge Proofs Oracle to ensure precise data delivery across multiple blockchain ecosystems. The oracle will help mitigate the inherent risks in prediction markets by delivering reliable, tamper-proof data feeds, a critical component for maintaining trust and market integrity.

Chaos Labs CEO Omer Goldberg:

“What sets our market and data integrity engine apart is the unique integration of advanced AI and LLMs with risk models. This combination delivers highly precise, tamper-proof data feeds while embedding real-time risk assessment into the protocol.”

Meanwhile, the two new tokens, TRUMP and HARRIS, will be tradable on DeFi applications and on multiple centralized exchanges and DEXs.

Bebop, WOO, and Backpack will provide the tokens’ initial trading venues, with additional listings expected post-launch. This approach differentiates Wintermute’s market by enabling broader utility for the tokens, a feature absent in many other prediction markets.

Wintermute CEO Evgeny Gaevoy said:

“There has been significant interest from both centralized and decentralized trading venues to list such prediction market contracts. However, no one had developed them in a permissionless manner and without imposing minting or transaction fees.”

Rise of Prediction Markets

Wintermute’s launch comes as prediction markets have seen a resurgence in popularity, driven in part by platforms like Polymarket.

The decentralized prediction market has seen incredible growth in recent months amid the 2024 US presidential race between former President Donald Trump and Vice President Kamala Harris, with bets on various outcomes recently surpassing $1 billion.

The rise of Polymarket highlights the broader trend toward decentralized prediction markets, where blockchain technology ensures transparency, security, and fairness. Wintermute’s new multi-chain prediction market builds on this momentum, offering a more scalable and inclusive solution for users across multiple blockchain ecosystems.

The post Wintermute to launch multi-chain prediction market amid election betting craze appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market election wintermute prediction launch operate week

Источник: cryptoslate.com

market election → Результатов: 104


Фото:

Trump campaign raises $4 million in crypto donations: Who are the high-profile donors?

Donald Trump’s presidential campaign has successfully tapped into the cryptocurrency market, receiving over $4 million in digital donations.   According to Federal Election Commission (FEC) filings, these contributions have come in various forms, including Bitcoin (BTC), Ether (ETH), Ripple’s XRP token, and the US dollar-pegged stablecoin USDC.

2024-7-25 21:20


Фото:

The Hottest Prediction Protocols for DeFi Summer 2021

Whether it be sports results, election outcomes or future asset prices, the ability to accurately predict the future has captivated market participants since the inception of markets themselves. As the future of finance takes on a new, decentralized form, it’s no wonder that crypto prediction markets have been booming in popularity over the past years,Read More

2021-8-17 07:00


Trump Celebrates Stocks Smashing Record Highs as Dow Flirts 27,000

In amidst a tense trade dispute between the U.S. and China, the Dow Jones has achieved a new all-time high at 26,966 points, closing on 27,000 points. U.S. President Donald Trump said: Today’s Stock Market is the highest in the history of our great Country! This is the 104th time since the Election of 2016 […] The post Trump Celebrates Stocks Smashing Record Highs as Dow Flirts 27,000 appeared first on CCN Markets

2019-7-4 12:30


Dow, S&P 500, Nasdaq Smash All-Time Highs in Record-Breaking Day

The Dow Jones Industrial Average closed out at an all-time high today at 26,966, as did the S&P 500 at 2,995.82, and the Nasdaq at 8,170.23 – just shy of its intraday high. The Incredible Rising Stock Market The Dow Jones is now up 43 percent since Election Day of 2016, reflecting the country’s optimism […] The post Dow, S&P 500, Nasdaq Smash All-Time Highs in Record-Breaking Day appeared first on CCN Markets

2019-7-4 07:32


Trump Predicts Unprecedented Stock Market Crash If He Loses in 2020

By CCN Markets: Rallying supporters to “Keep America Great,” Donald Trump raised the stakes of the 2020 election in a tweet. The president said if he’s not reelected, “there will be a market crash the likes of which has not been seen before!” If true, based on percentages, that means the stock market would lose 25% of its value after election day.

2019-6-16 01:15


дальше еще 55 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru