D8X Launches Leveraged Prediction Market Combining Prediction Markets and Perpetual Futures
Volume and Total Value Locked (TVL) of Polymarket, the leading crypto prediction market, are expected to continue to rise as we approach election season in the U.S. Polymarket has grown rapidly this year, with TVL doubling in the last 30 days.
Caspar Sauter, Co-Founder of D8X, sees the launch of a leveraged prediction market through order book-based futures as a natural evolution of the concept. Sauter says that prediction markets have intrinsic characteristics, such as a price range that fluctuates from $0-1, and that external event-driven volatility sets them apart from the highly liquid perpetual futures market.
The test network deployment of D8X is expected to start in a few weeks, and the platform will not be limited to political prediction markets, Sauter said, adding that the system will be relatively flexible and will be able to offer a wider variety of prediction markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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