Injective Launches First Election Prediction Market

According to Odaily, Injective has announced the launch of its first election prediction market within its ecosystem. Users can now place leveraged bets on election outcomes through Injective's decentralized exchange, Helix. Injective highlighted the rapid growth of prediction markets, noting that the total value locked (TVL) in this sector has increased from $35 million to over $150 million this year, marking a growth of more than 300%. In the past 60 days alone, the TVL has risen by over $42 million. The U.S. presidential election has been identified as a major catalyst for this growth.