• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Wintermute and Chaos Labs to Launch Outcome Market

user avatar

by Giorgi Kostiuk

2 years ago

  1. Partnership between Wintermute and Chaos Labs
  2. Features of Outcome Market
  3. Regulatory Scrutiny on Prediction Markets


    4. The algorithmic trading firm Wintermute, in partnership with Chaos Labs, is launching a new prediction market, Outcome Market, with tokens focused on candidates Donald Trump and Kamala Harris, six weeks before the US presidential election.

    Partnership between Wintermute and Chaos Labs

    The algorithmic trading firm Wintermute collaborates with Chaos Labs to launch the new Outcome Market. The platform's first tokens will be TRUMP and HARRIS, focused on the outcome of the upcoming US presidential election.

    Features of Outcome Market

    Outcome Market will utilize Chaos Labs’ Edge Proofs Oracle to ensure accurate data transfer. The oracle provides tamper-resistant, real-time data feeds and risk assessments. According to Omer Goldberg, CEO of Chaos Labs, AI and LLM integration allows seamless transmission of prices and risks across ecosystems, enhancing trust and stability in prediction markets.

    Once launched, users can participate directly from their native blockchain ecosystems, removing barriers to entry and improving accessibility, making it easier and more efficient for everyone to get involved. The tokens will be usable in DeFi applications and listed on multiple trading venues, significantly expanding their utility and setting a new standard for how prediction markets operate.Evgeny Gaevoy

    Regulatory Scrutiny on Prediction Markets

    The US Commodity Futures Trading Commission (CFTC) is intensifying its scrutiny of prediction markets such as Polymarket. In 2022, Polymarket agreed to restrict its contract and token usage in the US. In August 2024, the CFTC expressed interest in banning prediction market tokens in the country. Although the court allowed Kalshi to resume operations following an initial ban, the CFTC's future actions remain uncertain.

    Prediction markets are once again under regulatory scrutiny, presenting unique challenges and opportunities for firms like Wintermute and Chaos Labs. The focus remains on providing accurate and transparent data, promising to enhance trust in new prediction technologies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SpaceX Pre-IPO Tokenized Offerings Canceled Due to Allocation Issues

chest

Several crypto platforms canceled SpaceX pre-IPO tokenized offerings due to failed share allocation, leading to refunds for customers.

user avatarMiguel Rodriguez

Arbitrum Governance Proposes Major Funding for Foundation

chest

Arbitrum governance is evaluating a funding proposal for the Arbitrum Foundation, seeking 16 million in real-world assets, 1,700 ETH, and 230 million ARB tokens to support its operations for another year.

user avatarLuis Flores

Crypto Scammers Target 2026 World Cup Fans

chest

TRM Labs warns of emerging crypto scams targeting fans of the 2026 World Cup, including fake ticketing and speculative tokens.

user avatarArif Mukhtar

Ethereum Researchers Introduce SPHINCS for Quantum-Resistant Signatures

chest

Ethereum researchers introduce SPHINCS, a post-quantum signature design for enhancing wallet security against quantum computing threats.

user avatarDavid Robinson

Bitcoin Faces Major Liquidation Event Amid Price Fluctuations

chest

Bitcoin traders faced significant liquidations as the price fluctuated sharply, resulting in nearly $980 million in liquidations within 24 hours.

user avatarMaria Gutierrez

Sky Governance Forum Emphasizes Editorial Policy

chest

The Sky Governance Forum has established a strict editorial policy that focuses on accuracy, relevance, and impartiality.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.