dYdX launches a prediction contract market for the U.S. elections, supporting up to 20x leverage

ChainCatcher news, dYdX has launched a prediction contract market regarding the U.S. elections on the platform.

Users can bet "yes" or "no" in the TRUMPWIN-USD market, with the final settlement price for each option being either $0 or $1, and the buy-in price at the time of betting being the cost price. It is worth mentioning that users can go long or short with up to 20x leverage (correct predictions can yield 20 times the profit, but conversely, a 5% adverse movement could lead to liquidation), which offers greater capital flexibility compared to traditional prediction markets.