Drift Protocol will launch a prediction market for the U.S. elections
ChainCatcher news, the co-founder of the decentralized trading platform Drift Protocol, Cindy, announced the launch of a U.S. election prediction market. Drift stated that the reasons for launching this market include: prediction markets are places for truth settlement; they can serve as platforms to observe public trends and opinion changes; based on a fully open-source blockchain, they cannot be manipulated; and the potential impact of political meme coins.
The first version will be managed by the security committee of Drift DAO for market launch and arbitration, with plans to introduce a permissionless market in the second version.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Mention the project
