Novel Crypto Use Cases: Betting on The American Nightmare

Written by flipside-crypto | Published 2020/11/27
Tech Story Tags: ftx | cryptocurrency | ethereum | betting-market | betting-on-blockchain | us-election | hackernoon-top-story | good-company

TLDR Users can buy tokens like $TRUMPWIN during the election, or $TRUMPFEB since the results, and make money if they win the bet. Most of these bets are being placed on FTX, which is a centralized derivatives exchange. The price of transactions on Augur (where Augur was built) remains too high for it to be worthwhile to bet on a centralized betting market like FTX. Most users thought Trump would win on Election night, even as the price of the $PRUPW token went down.via the TL;DR App
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Written by flipside-crypto | Business Intelligence for Blockchains
Published by HackerNoon on 2020/11/27
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