ChainCatcher News: Wintermute to Launch OutcomeMarket on Ethereum, Base, and Arbitrum

According to The Block, crypto trading platform Wintermute is launching its new prediction market, OutcomeMarket, next week on Ethereum, Base, and Arbitrum.

The company is building OutcomeMarket using Chaos Labs' Edge Proofs Oracle and will initially launch betting markets for TRUMP and HARRIS tokens.

"Unlike existing prediction markets limited to a single chain, the multi-chain approach allows users to directly participate from their native blockchain ecosystem without cumbersome asset bridging," Wintermute stated in a press release. Wintermute also indicated that they might integrate DeFi in the future, potentially offering yield or leverage for users.

Wintermute also plans to utilize trading platforms Bebop, WOO, and Backpack as market makers for the initial two ERC-20 token markets and will expand to more markets. Wintermute's trading pools will be backed by liquidity, which will be used to payout when one side wins.