Wintermute Launches Multi- Chain Prediction Platform Ahead of 2024 US Presidential Race

As the 2024 US presidential election approaches, market maker Wintermute is set to launch its multi- chain prediction platform.

The platform will integrate decentralized finance ( DeFi ) capabilities to allow participants to bet on election outcomes across different blockchain networks.

Prediction Platforms Gain Attention as US Election Approaches

Wintermute ’s multi- chain platform allows users to participate directly from the blockchain of their choice. This approach eliminates the technical barriers typically found in single- chain prediction markets. It simplifies the process by eliminating the need to transfer assets between different chain , ultimately reducing costs and complexity.

Wintermute also expanded Token use cases with TRUMP and HARRIS Token , representing US election candidates — Donald Trump and Kamala Harris. Users can use these Token for prediction bets and in DeFi applications. Tradeable on various decentralized and centralized exchanges, this feature creates new liquidation opportunities — a notable improvement over most prediction markets, where Token use cases are often more limited.

Wintermute also adopts a permissionless listing model, allowing any exchange to offer Token without restrictions on issuance or trading fees. This approach increases accessibility and makes it easier for users across different ecosystems to participate in election-related prediction markets.

Prominent partners such as Bebop, WOO X, and Backpack are supporting Wintermute’s prediction platform. Additionally, Wintermute has partnered with Chaos Labs to ensure the accuracy of data on these chain for the platform. Chaos Labs’ Oracle Edge Proofs provides real-time, tamper-proof data that powers Wintermute’s prediction engine.

“What makes our market engine and data integrity stand out is the unique integration of advanced AI and LLMs with risk models. […] Edge Proof’s multi- chain architecture ensures seamless delivery of price, risk, and proof across ecosystems, building trust in prediction markets,”

Omer Goldberg, CEO of Chaos Labs, said .

Wintermute ’s timing coincides with growing interest in election-related prediction markets. BeInCrypto recently reported that Polymarket’s election-related betting volume reached $926 million . As the US election approaches, that number is expected to reach $1 billion.

According to data from Dune Analytics, nearly 70% of Polymarket’s weekly users are focused on election betting. Since June, Polymarket’s Total Value Locked has increased 277% to nearly $120 million. Meanwhile, monthly active users have increased 50% to 66,400.

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