XBIT DEX Prediction Market Leverage Officially Launched, Simultaneously Kicks Off 1.1 Million USDC World Cup Event

Odaily Planet Daily News: According to official sources from XBIT DEX, on June 11, the prediction market leverage function of XBIT DEX was officially launched, with high-liquidity markets first supporting up to 5x leverage. The "XBIT World Cup Event" commenced on the same day, featuring a total prize pool of 1.1 million USDC. The event will run until the final on July 19.

The prediction market for the opening match, Mexico vs. South Africa, is now open. Current market expectations indicate a 69% probability for a Mexico win, 21% for a draw, and 11% for a South Africa win. Markets covering outcomes, spreads, totals, correct scores, and corners have been launched simultaneously, spanning 48 teams and 104 matches.

During the event period, both contract trading and prediction market trading will yield prediction vouchers, which can be used to participate in the daily featured match. Correct predictions allow users to share in that day's prize pool, with individual match prize pools increasing as the tournament progresses. The final match will feature a maximum prize pool of 150,000 USDC. Additionally, dual leaderboards for contracts and the prediction market will be established.