Polymarket, the much-hyped blockchain-based prediction market, will soon have a new crypto-based competitor when it comes to placing bets on the US presidential election.
Trading firm Wintermute Trading Ltd., which provides liquidity for digital assets by buying and selling them on the cryptocurrency market, is partnering with crypto risk manager Chaos Labs to launch a betting market next week that will focus solely on the outcome of the contest, according to Evgeny Gaevoychief executive of London-based Wintermute. Trading platforms can quote the market for free, he added.
