{"id":193618,"date":"2023-09-13T07:40:10","date_gmt":"2023-09-13T07:40:10","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=193618"},"modified":"2023-09-13T07:40:10","modified_gmt":"2023-09-13T07:40:10","slug":"bitmex-launches-prediction-markets","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/bitmex-launches-prediction-markets\/","title":{"rendered":"BitMEX Launches Prediction Markets"},"content":{"rendered":"<p>BitMEX, a leading crypto derivatives exchange, has expanded its offerings to include Prediction Markets. This feature allows traders to speculate on the outcomes of various real-world scenarios, including the financial recovery of bankrupt crypto projects and the potential approval of Bitcoin ETFs.<\/p>\n<p>According to a blog post by BitMEX published earlier today, Prediction Markets are a new trading instrument on BitMEX that allows users to speculate on the outcomes of specific events in multiple sectors, including cryptocurrency and traditional finance. These markets also offer risk-hedging opportunities. The addition aims to provide a more risk-averse trading environment for specific, bounded outcomes.<\/p>\n<p>As of September 13, BitMEX offers three Prediction Markets contracts:<\/p>\n<ul>\n<li>P_FTXZ26: Focuses on the recovery rate of customer claims related to FTX. The contract is set to expire on December 25, 2026, at 20:00 UTC.<\/li>\n<li>P_XBTETF: Centers on the U.S. SEC\u2019s potential approval of a Bitcoin ETF. The contract will conclude on October 27, 2023, at 20:00 UTC.<\/li>\n<li>P_SBFJAILZ26: Allows speculation on whether Sam Bankman-Fried will receive a jail sentence. The contract will end on December 25, 2026, at 20:00 UTC.<\/li>\n<\/ul>\n<p>Prediction Markets on BitMEX operate similarly to existing futures contracts but with some differences:<\/p>\n<ul>\n<li>Contracts are priced based on the Last Price.<\/li>\n<li>Leverage is not available.<\/li>\n<li>Margin and settlements occur in Tether (USDT).<\/li>\n<li>Payouts are bounded between 0 and 100.<\/li>\n<li>Maker fees are set at 0.00%, and taker fees at 0.25%.<\/li>\n<li>Early settlement is possible if the event occurs before the contract\u2019s expiry.<\/li>\n<li>The service is restricted in certain jurisdictions.<\/li>\n<\/ul>\n<p>Each contract has a value between zero and one USD and is quoted in percentage terms. BitMEX\u2019s team reviews all contracts to ensure clear definitions of outcomes. Settlements are conducted in USDT.<\/p>\n<p>The initial set of Prediction Markets contracts became available on September 13 at 03:00 UTC.<\/p>\n<p><em>Featured Image via Pixabay<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2023\/09\/bitmex-adds-prediction-markets-to-its-crypto-derivatives-offerings\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMEX, a leading crypto derivatives exchange, has expanded its offerings to include Prediction Markets. This&#8230;<\/p>\n","protected":false},"author":4,"featured_media":193617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitMEX Launches Prediction Markets - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/bitmex-launches-prediction-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMEX Launches Prediction Markets - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"BitMEX, a leading crypto derivatives exchange, has expanded its offerings to include Prediction Markets. 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