Binance US and Blockchain.com Push Into Prediction Markets Amid Trading Slowdown
Photo: TheCoinrise
Two crypto platforms are preparing prediction market offerings as spot and derivatives volumes cool across the industry. Binance US and Blockchain.com are joining a growing field of companies offering prediction markets, according to reports published by CoinGape and crypto.news on October 21. Both outlets described the move as part of a broader push by crypto platforms into event-based trading products. Prediction markets let users bet on the outcome of real-world events. These range from elections to economic data releases to sports results. Users trade contracts tied to a yes-or-no outcome, with prices reflecting the market's estimated probability of that outcome.
Source: TheCoinrise
