BitMart launches prediction markets, supporting cryptocurrency and popular event prediction trading

Odaily Planet Daily reports that the global digital asset trading platform BitMart officially launched the “Prediction Market” product today. Users can use USDT to make prediction trades on the future prices of cryptocurrencies, sports events, political events, and other upcoming events. The platform adopts a binary prediction mechanism, with contract prices fluctuating between 0 and 1 USD, reflecting the market’s probability assessment of the event occurring in real-time. Users can trade contracts at any time before event settlement, allowing flexible risk management. Correct predictions will result in each contract being settled at 1 USD. To celebrate the launch, BitMart is offering a limited-time event with a total prize pool of $15,000, where participating users can share in airdrops and leaderboard rewards. The platform states that user funds in prediction markets will be held in independent secure accounts, and all settlements are automatically executed based on transparent and open rules.