SynFutures has launched a perpetual contract for the US election victory rate. The current probability of Trump being elected president is 47%.
According to the announcement from SynFutures, users can use up to 10x leverage to trade on the Polymarket prediction market for the probability of Donald Trump or Kamala Harris being elected as the next US president. Currently, the probability of Trump being elected president is 47%, while the probability of Harris being elected is 52%. The above contract market will be settled around November 4th.
SynFutures is currently one of the largest on-chain derivatives trading markets. According to the defillama derivatives data dashboard, its trading volume ranked among the top 3 in the past 24 hours. Since the launch of its mainnet in March, its cumulative trading volume has exceeded $170 billion, with over 9.5 million on-chain transactions. In the second quarter, its market share on the Blast derivatives market exceeded 65%, and its trading volume ranked first within two weeks of launching on Base. SynFutures previously announced that it has raised $38 million from top-tier industry institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto, and the protocol has passed the Quantstamp audit.
