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.

News
11 September 2020
The Sushi Chronicles
*From the Messari Daily Newsletter: subscribe * It’s been described as the world’s first legal billion dollar heist. However, it wasn’t a bag of cash that was stolen. It was liquidity. The SushiSwap drama has all of the makings of a Michael Lewis novel, featuring a sci-fi corporate takeover that w...
The potential of the blockchain industry is unquestionable. More and more projects are being developed each day, all of them competing in a highly volatile market. However, this constantly evolving world also has its downfalls. The fight between centralized and decentralized protocols creates a ...
Newsletter
07 September 2020
3 coins to keep an eye on | Issue #94
It's been a rough week for the bulls as Bitcoin plummeted over 18% through critical support near $11,100. Bears call for targets down to 7k while bulls call for targets at 12k. Still, traditional markets are likely to determine the outcome. Meanwhile, the altcoin marketcap suffered a 23 billion loss from $155 billion to $1...

3 coins to keep an eye on 👀