OutcomeMarket: Wintermute's Multi-Chain Prediction Market

PANews reported on September 18th that crypto trading platform Wintermute will launch its new prediction market, OutcomeMarket, next week on Ethereum, Base, and Arbitrum. The platform is built using Chaos Labs' Edge Proofs Oracle and will initially feature betting markets on TRUMP and HARRIS tokens.

Wintermute stated in a press release, "Unlike existing prediction markets limited to a single chain, the multi-chain approach allows users to participate directly within their native blockchain ecosystems, eliminating the need for cumbersome asset bridging."

The company also hinted at future integration with DeFi, suggesting possibilities for users to earn yield or leverage.

Wintermute plans to use its trading platforms Bebop, WOO, and Backpack as market makers for the initial two ERC-20 token markets, with expansion to more markets in the future. The trading pool will be backed by liquidity, facilitating payments when one side wins.