dYdX launches prediction contract market for US election, supporting up to 20x leverage

Odaily News dYdX has launched a prediction contract market for the US election on the platform. Users can bet "yes" or "no" in the TRUMPWIN-USD market, and the final settlement price of each option is $0 or $1. The purchase price at the time of the bet is the cost price. It is worth mentioning that users can go long or short with up to 20 times leverage (a correct prediction can get 20 times the profit, but conversely, it will face liquidation under a 5% reverse fluctuation), which has greater financial flexibility than traditional prediction markets.