Crypto prediction markets turn against Trump after first debate By Cointelegraph

Crypto prediction markets turn against Trump after first debate By


Crypto prediction markets turn against Trump after first debate

The first debate of the 2020 U.S. presidential election had no clear winner, but crypto-powered prediction platforms are having a field day.

Election futures on crypto derivatives exchange FTX boomed, with the platform’s CEO reporting more than $4 million in open interest trying to pick the winner between Democrat Joe Biden, and Republican Donald Trump. On FTX, Trump’s brash debate performance got a big thumbs down and drove a 10% crash in the price of futures contracts backing his re-election.

Price of TRUMP futures on FTX: FTX

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