Can Prediction Market Boom Continue After Election? This Crypto Team Has a Plan

SALT LAKE CITY — As Kyle DiPeppe sees it, crypto's prediction market fad has a looming expiration date: Nov. 5, 2024.

DiPeppe mused:"Once November 6 hits, is there enough liquidity" to keep market makers and other behind-the-scenes players sufficiently interested to support trading on prediction markets? He doubts it. "There's clearly people interested in sports betting. It's all short-term, same thing with crypto: It's a lot of memecoin, short-term trading," DiPeppe said."So how do we cater with a market type that fits this shorter-term time frame?"Doing away with stock market-type trading gives Hedgehog more flexibility in engaging its user base, said DiPeppe.

Hedgehog's dispute resolution is cleaner, DiPeppe argued. A custom-made market that ends in purgatory can simply return the same amount of money to bettors that they originally put in, he said.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Shiba Inu Executive Makes Stunning Bitcoin Market PredictionThis type of scenario benefits cryptocurrencies, like Shiba Inu
Herkunft: Utoday_en - 🏆 295. / 63 Weiterlesen »

Coinbase-Backed Vega Gets Into Prediction-Market Race, Chasing PolymarketSam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »

Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market RulesCoinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »

Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market RulesBoth parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power.
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »