BitMEX Introduces Prediction Markets for Real-World Events

10:19 am
September 13, 2023

BitMEX, a prominent crypto exchange, has launched a new product called Prediction Markets that allows users to bet on real-world events. This feature enables traders to speculate on the outcome of various events, such as the FTX bankruptcy claims and Sam Bankman-Fried’s criminal case. Unlike Chancer, a blockchain-based prediction markets platform, BitMEX’s Prediction Markets are controlled by the exchange, dictating the available betting options. Let’s explore BitMEX’s Prediction Markets and compare them to Chancer’s offerings.

What is BitMEX’s Prediction Markets?

BitMEX’s Prediction Markets is a crypto derivatives offering that enables traders to take positions predicting the outcome of real-life events. Although the contracts cover a wide range of topics and industries, BitMEX determines the available markets for betting.

Bet on Events Such as Bitcoin Spot ETF Approval and SBF Jailing

For its initial contracts, BitMEX is offering users the opportunity to earn returns by predicting outcomes related to FTX bankruptcy claims, Bitcoin ETF approval, and Sam Bankman-Fried’s fate. Additional markets will be added in the future, providing users with trading and hedging opportunities.

What is Chancer?

Chancer is a decentralized betting platform powered by the CHANCER token. It allows users to create bets on any event without the involvement of a central bookmaker. From global sports and elections to community events, Chancer enables people to bet on various topics. Chancer’s social betting model, including features such as bet market sharing and livestreaming, is expected to revolutionize the gambling industry and become a dominant force in peer-to-peer (P2P) betting.

Why Buy CHANCER Now?

As the crypto market becomes more institutionalized, Chancer presents an opportunity to tap into a market with significant growth potential over the next decade. By decentralizing betting and empowering individual users, Chancer offers a unique advantage in this evolving industry. The current presale price of $0.011 per CHANCER token is considered attractive, with the future potential of the project in mind. Investors interested in this blockchain-powered project may want to consider investing in CHANCER, as it prepares for its mainnet launch and listing on major crypto exchanges.

FAQs

1. What is BitMEX’s Prediction Markets?

BitMEX’s Prediction Markets is a new offering that allows traders to speculate on the outcome of real-world events. Traders can bet on events such as the FTX bankruptcy claims, Bitcoin ETF approval, and Sam Bankman-Fried’s criminal case.

2. How is Chancer different from BitMEX’s Prediction Markets?

Chancer is a decentralized betting platform powered by the CHANCER token, where anyone can create bets on any event. It operates without the involvement of a central bookmaker. In contrast, BitMEX’s Prediction Markets are controlled by the exchange, dictating the available betting options.

3. Can users hedge their bets on BitMEX’s Prediction Markets?

Yes, BitMEX’s Prediction Markets offer users the opportunity to not only trade but also hedge their bets. This allows users to manage their risk exposure effectively.

4. When will Chancer’s platform go live?

According to Chancer’s roadmap, the platform is expected to go live in the first quarter of 2024. At that time, CHANCER token holders will have access to passive earning opportunities and staking.

5. How can investors participate in Chancer’s presale?

Investors can participate in Chancer’s presale and buy CHANCER tokens using ETH, BNB, USDT, and BUSD. The project has currently raised nearly $2 million.

Sources: CoinJournal, BitMEX Blog, Chancer


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