BitMEX launches prediction market for real-world events- implications for Chancer?
BitMEX launched the Prediction Markets product to allow traders bet on events such as outcome of FTX bankruptcy claims and Sam Bankman-Fried’s criminal case. The product offers speculative contracts that will be marked at Last Price. Chancer on the other hand is a blockchain-based prediction markets platform expected to revolutionise the gambling industry. Crypto exchange BitMEX has unveiled a new predictions product for its users, with the global community able to bet on real-world events from within the platform. What is BitMEX’s Prediction Markets and how is this different from what Chancer, an anticipated game-changer for the $80 billion gambling industry, offers? What’s BitMEX’s Prediction Markets? Prediction Markets is a new crypto derivatives offering from BitMEX that will allow traders to take positions that predict the outcome of certain real-life events. While the contracts will cover nearly every topic, industry or ev...