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dYdX launches prediction contract market for the US election, supporting up to 20x leverage
Odaily Planet Daily News dYdX has launched a prediction contract market on the platform for the U.S. election. Users can bet ‘yes’ or ‘no’ in the TRUMPWIN-USD market, and the final Settlement price for each option is 0 USD or 1 USD. The buying price at the time of betting is the cost price. It is worth mentioning that users can go long or short with up to 20 times leverage (a correct prediction can yield 20 times the profit, but conversely, they will face liquidation at a 5% Reverse Fluctuation, which provides greater capital flexibility than traditional prediction markets).