DYdX Launches Prediction Market For US Election

According to Odaily, dYdX has introduced a prediction contract market on its platform focused on the US presidential election. Users can place bets on the TRUMPWIN-USD market by choosing 'Yes' or 'No,' with the final settlement price for each option being either $0 or $1. The purchase price at the time of betting serves as the cost price. Notably, users can leverage up to 20 times their position, allowing for significant potential gains if predictions are correct. However, this also means that a 5% adverse movement could result in liquidation, offering greater financial flexibility compared to traditional prediction markets.