According to ChainCatcher, The Block reports that crypto trading platform Wintermute will launch a new prediction market, OutcomeMarket, on Ethereum, Base, and Arbitrum next week.
The company is using Chaos Labs’ Edge Proofs Oracle to develop the OutcomeMarket and will initially launch a betting market for the Trump and Harris tokens.
In a statement, Wintermute wrote, "Unlike existing prediction markets that are limited to a single chain, the multi-chain approach allows users' native blockchain ecosystems to participate directly without cumbersome asset bridging." Wintermute also noted that future integration with DeFi is possible, such as providing users with yield or leverage. Wintermute also plans to utilize trading platforms Bebop, WOO, and Backpack as market makers for two initial ERC-20 token markets and will expand to more markets. Wintermute's trading pools will be liquidity-backed, with payouts made when one side wins.
