Wintermute has initiated the OutcomeMarket US presidential election prediction market, which involves the introduction of HARRIS and TRUMP tokens on multiple blockchains.
The OutcomeMarket US presidential election prediction market, which Wintermute recently launched, and Donald Trump’s World Liberty Financial initiative, which introduced a new cryptocurrency token, have garnered substantial attention from both the crypto and political communities. Wintermute’s permissionless, cross-chain market, which is supported by Chaos Labs’ AI-driven oracle, has introduced new tokens that are associated with the 2024 election. Meanwhile, Trump’s WLFI token has spurred debate among crypto users in the lead-up to the election.
Wintermute, an algorithmic cryptocurrency trader and liquidity provider, recently announced the launch of the OutcomeMarket US presidential election prediction market. This market will be enabled by Chaos Labs’ Edge Proofs Oracle. It is anticipated that this innovative market will introduce two essential tokens—HARRIS and TRUMP—that will be accessible on a variety of blockchains, such as Ethereum, Base, and Arbitrum. A new decentralized prediction market will be accessible to users without the necessity of bridging assets across chains when the tokens are scheduled to go live in the fourth week of September.
Wintermute’s prediction market will utilize a permissionless smart contract to guarantee accessibility for users across various chains. Participants on Ethereum, Base, and Arbitrum will have a direct entrance point into the market, resulting in a seamless experience, by eradicating the need to interconnect assets. This level of interoperability among prominent blockchains is a significant advancement in the simplification of user participation in prediction markets.
The market will support two tradable tokens: TRUMP and HARRIS, which each represent the probability of election outcomes for the 2024 US presidential contest. A versatile asset within the broader cryptocurrency ecosystem, these tokens will be available for trading on both centralized and decentralized exchanges. In addition, the inclusion of the tokens into DeFi applications provides users with the ability to interact with them in ways that extend beyond conventional trading.
Bebop, WOO, and Backpack are the first cryptocurrency exchanges to list the HARRIS and TRUMP tokens, which is noteworthy. This early adoption by major exchanges underscores the increasing institutional interest in blockchain-based prediction markets.
The integration of Chaos Labs’ Edge Proofs Oracle is one of the most notable features of the OutcomeMarket prediction market. This state-of-the-art oracle integrates sophisticated artificial intelligence (AI) and large language models (LLMs) with risk models to provide the market with precise, tamper-proof data inputs. Omer Goldberg, the CEO of Chaos Labs, underscored the oracle’s distinctive capacity to conduct real-time risk assessments within the protocol:
“Our oracle is a distinctive combination of risk models, advanced AI, and LLMs that provides tamper-proof, highly precise data inputs and integrates real-time risk assessment directly into the protocol.”
Wintermute and Chaos Labs have formed a partnership that strengthens the market’s credibility by providing users with access to reliable and accurate data inputs to facilitate informed decision-making. Wintermute’s involvement as an investor in Chaos Labs serves to fortify the partnership and underscores the increasing significance of a resilient data infrastructure in prediction markets.
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