Crypto-powered prediction market flourish during US presidential election - 0 views
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John Kiff on 05 Nov 20The 2020 U.S. presidential election has driven significant action across crypto-powered predictive markets. The election markets on major crypto-asset derivatives exchange FTX saw wild volatility in the wake of election day. For example, TRUMP tokens, redeemable for $1 each should the incumbent president secure re-election, swung from $0.38 prior to the close of polls to less than $0.09 the next day. Ethereum-powered decentralized predictions platform Augur also saw significant action, as did Matic-powered decentralized prediction platform Polymarket.