BitMEX's Prediction Market is Now Live

BitMEX’s Prediction Market is Now Live

Crypto derivatives exchange BitMEX has started a prediction market, which allows traders to bet on the outcome of real-world events.

Prediction markets have been around for quite some time but have seen a surge in popularity thanks to Polymarket.

Polymarket, which was fined $1.4 million in January 2022 for unregistered swaps, offers bettors a plethora of contracts from the serious, such as the victor in the first Republican primary debate, to the absurd, like former President Obama’s sexuality, the chance of Russia using a nuclear weapon before the end of 2023, or the existence of aliens.

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BitMEX’s prediction market, which its calling its newest

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