News
10 February 2020

Following TRUMP, FTX adds futures contracts for five more presidential candidates

Following the launch of its TRUMP futures contract last week, cryptocurrency derivatives exchange FTX announced today it has added five more futures contracts for other presidential candidates. The new contracts include Bernie Sanders (BERNIE), Joe Biden (BIDEN), Mike Bloomberg (BLOOMBERG), Pete Buttigieg (PETE) and Elizabeth Warren (WARREN). Like the TRUMP, the contracts expire to $1 if the candidate wins the 2020 US presidential general election, and $0 otherwise. According to a tweet from FTX CEO Sam Bankman-Fried, about 1 million contracts traded today between Bernie, Bloomberg, Biden, and Trump.

Why it matters: - Decentralized prediction markets have been very slow out the gates, seeing limited adoption. This has created an opportunity for offshore derivatives exchanges like FTX to rise up and fill a void in the marketplace. - FTX’s election futures contracts will likely be the most liquid election prediction market in the world. However, the products will be unavailable to United States citizens, potentially preventing some valuable information from getting incorporated into contract prices.

Former Wall Street veteran and blockchain legislative advocate Caitlin Long announced today she will be working on building Avanti Bank, a special purpose depository institution to provide a range of custody, payment, and securities services to the digital asset industry. Blockstream will be acting ...
Newsletter
24 February 2020
3 coins to keep an eye on | Issue #70
After a violent struggle through a nearly 11% range, Bitcoin's weekly candle from last week closed a mere 0.6% above where it started. A 6.4% drop from its open has bulls arguing for a spring setup, while bears may be hoping for a retest before a decline. The altcoin marketcap enjoyed a small climb from its weekly start at...
In a press release issued yesterday, Sveriges Riksbank, the central bank of Sweden, announced it has begun testing its digital currency e-krona. The e-krona, meant to be a complement to cash, will allow users to make payments, deposits, and withdrawals through a mobile app. It will involve a two-tie...

3 coins to keep an eye on 👀