Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»BitMEX Launches Political Prediction Market with 5,000 USDT Prize Pool
ADOPTION NEWS

BitMEX Launches Political Prediction Market with 5,000 USDT Prize Pool

By Crypto FlexsOctober 30, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BitMEX Launches Political Prediction Market with 5,000 USDT Prize Pool
Share
Facebook Twitter LinkedIn Pinterest Email

lawrence jenga
October 30, 2024 07:20

BitMEX is introducing a US presidential election prediction market, offering a prize pool of 5,000 USDT to traders who bet on Trump or Harris.





Leading cryptocurrency exchange BitMEX has launched a new initiative that allows traders to participate in its prediction market for the upcoming US presidential election. According to BitMEX, from October 29 to November 5, users can participate in the P_TRUMPX24 or P_KAMALAX24 trading contract for a chance to win a 5,000 USDT prize pool.

Prize Pool Details

The prize pool is structured to reward both first-time traders and those who correctly predict the election outcome. The first 100 traders to participate in these prediction markets will receive 20 USDT each. Additionally, a significant prize pool of 3,000 USDT is earmarked for those who bet on the winning presidential candidate, allocated based on transaction value.

For example, if Donald Trump secures the presidency, traders holding a long position in P_TRUMPX24 will win a portion of the prize pool. Distribution of rewards will occur within five business days of the announcement of election results on or after November 5, 2024.

Understanding Prediction Markets

These prediction markets provide a platform where users can leverage insights and analytics to speculate on the outcome of important political events. This initiative from BitMEX highlights the growing intersection of cryptocurrency trading and real-world events, providing users with innovative ways to engage with the markets.

For those interested in participating, BitMEX has outlined detailed instructions on its official blog, explaining how these contracts operate and the mechanics of the prediction market.

Market trends and insights

This move by BitMEX comes as the cryptocurrency industry increasingly explores innovative applications beyond traditional trading. Prediction markets have gained popularity by providing traders with a unique opportunity to leverage their knowledge of global events for potential financial gain.

Moreover, the introduction of these markets during important political events such as the US presidential election highlights the potential for cryptocurrency platforms to engage users in diverse and meaningful ways. As the election date approaches, these markets are expected to see activity, reflecting broader market sentiment and political forecasts.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

ARCA is disappointed with the IPO allocation and dumps the circle sharing.

June 7, 2025

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

ARCA is disappointed with the IPO allocation and dumps the circle sharing.

June 7, 2025
Most Popular

ChainLinkGod was in high school when he started his account! X Hall of Flame

April 25, 2024

TON Foundation partners with HashKey to improve fiat access for Telegram wallet users.

April 12, 2024

Expanding Wedge or Bull Flag? Either Way, Bitcoin Seems to Be Losing Momentum

August 30, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.