• 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

Agreement Reached on CBDC Ban

chest

Agreement reached on the ban of Central Bank Digital Currencies (CBDCs) to address financial stability concerns.

user avatarLucas Weissmann

Bitcoin Traders Anticipate Federal Reserve Decision Amid Rate Cut Hopes

chest

Bitcoin traders are closely monitoring the upcoming Federal Reserve decision as hopes for a rate cut diminish and macro volatility remains high.

user avatarFilippo Romano

New Digital Asset Tax Act Introduced

chest

The Digital Asset Tax Act has been introduced, emphasizing strict editorial policies that focus on accuracy, relevance, and impartiality.

user avatarEmily Carter

Sam Bankman-Fried Hints at New Token for FTX Victims Amid Legal Challenges

chest

Sam Bankman-Fried hints at a new token project aimed at repaying FTX victims, despite facing significant legal challenges.

user avatarTomas Novak

Kraken Introduces CFTC-Regulated Perpetual Futures for Professional Traders

chest

Kraken has launched CFTC-regulated perpetual futures for eligible institutional and professional clients through its Bitnomial integration.

user avatarKaterina Papadopoulou

Michael Saylor Advocates for Bitcoin as Pure Digital Capital

chest

Michael Saylor emphasizes that Bitcoin should remain a pure digital asset, separate from yield-bearing crypto systems.

user avatarMaya Lundqvist

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.