FTX Now Offers a President Trump Re-Election Futures Contract

• FTX has launched futures contracts where users can bet on Trump being re-elected or not

FTX, which is a popular crypto derivatives exchange, has announced the launch of the TRUMP-2020 futures contract. The contract will expire at USD 1 if President Trump is re-elected during the general elections in early November, and if President Trump loses then the contract will expire at USD 0.

If an FTX user wants to bet on Trump winning they simply go long, i.e. hold the contract, and they can even leverage their bet over 100X via paying for a margin loan. If an FTX user want to bet on Trump losing, they can then short the contract via taking out a margin loan of TRUMP-2020 and then immediately selling it for USD, and if President Trump loses they will not have to pay the contracts back since they will be worth nothing.

Further, the market itself will fluctuate based on President Trump’s re-election odds at any given time.

Thus, this is an excellent example of how crypto derivatives exchanges can be used as prediction markets for the Presidential election, and for any future event in general.

 

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