The dYdX Foundation is pleased to announce the launch of Trump Prediction Market Perpetuals on dYdX, offering traders the unique ability to apply advanced order types on Donald Trump’s chances of winning the 2024 U.S. Presidential Election.
This innovative market was added through a governance process by the dYdX Community on October 9th. It allows users to take trading positions on the U.S. election outcome in a fully decentralized and non-custodial environment, giving them the ability to amplify their positions and gain increased exposure to one of the most highly anticipated political events of the year. Traders bullish on Trump’s chances can take long positions, while those with a bearish outlook can short the market, leveraging their insights on election dynamics for potentially greater returns.
Key Features of the Trump Perpetual Prediction Market:
How to Get Started:
What’s Next?In addition to the Trump Prediction Market Perpetuals, the dYdX Community may permissionlessly introduce more leveraged prediction markets on various real-world events, including sports, global elections, and cultural events. This expansion would provide the dYdX Community with a broader range of trading opportunities, all supported by the platform’s decentralized infrastructure.
Disclaimer:None of this is investment advice. Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets. dYdX is not available in the U.S. or to U.S. users, as well as in other restricted jurisdictions.
For further inquiries, please contact:
MarketAcross
Email: PR@marketacross.com
Website: https://dydx.trade/
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ContactDan EdelsteinPR@marketacross.com
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
