BitMEX's Prediction Market is Now Live

BitMEX’s prediction market, which its calling its newest derivative product, is going for the former rather than the latter, launching with offerings of prediction contracts on the percentage recovery rate of FTX’s bankruptcy claims, the chance of an approval of a Bitcoin Exchange Traded Fund on or before October 17, and the chances of Sam Bankman-Fried ending up in jail.

“We want our traders to ride the waves of the ever-changing world, hence introducing Prediction Markets at BitMEX,” Stephan Lutz, BitMEX’s CEO said in a release. “This product adds the mojo to crypto derivatives trading, allowing traders to diversify their portfolios and earn returns by predicting outcomes of real-world news.”“In a bear market with low volatility, prediction markets are a great tool to level up your trading game,” he continued.

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