Wintermute and Chaos Labs to Launch Outcome Market

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Trump Calls for Passage of Clarity Act to Boost U.S. Crypto Market

chest

President Trump called for Congress to pass the Clarity Act to establish federal rules for digital assets and maintain U.S. leadership in the crypto market.

user avatarDavid Robinson

GTA 6 Gameplay Leaks Cause Stock Decline for Take Two

chest

This week, the highly anticipated release of GTA 6 from Rockstar Games and Take Two Interactive has been marred by several gameplay leaks, causing Take Two's stock to decline over 15%.

user avatarAndrew Smith

Coinbase Refocuses Base App Strategy After Initial Setbacks

chest

Coinbase shifts its strategy for the Base App, moving away from social features to focus on trading and AI tools.

user avatarJacob Williams

Coinbase Launches Leveraged Crypto Derivatives on Base App

chest

Coinbase launches leveraged crypto derivatives on the Base App, allowing users to trade perpetual futures with up to 50x leverage.

user avatarZainab Kamara

Palantir Technologies Reports Stellar Earnings and Revenue Growth

chest

Palantir Technologies has reported a 93% year-over-year revenue surge and a 225% increase in earnings, positioning itself as a leading AI solution.

user avatarSon Min-ho

US Tech Stocks Experience Significant Gains Driven by AI Boom

chest

The US tech stock market has seen substantial gains over the last year, driven by advancements in AI technology.

user avatarAyman Ben Youssef

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.