According to ChainCatcher, according to The Block, the crypto trading platform Wintermute will launch a new prediction market OutcomeMarket on Ethereum, Base and Arbitrum next week.
The company is developing OutcomeMarket using Chaos Labs’ Edge Proofs Oracle and will initially launch betting markets for TRUMP and HARRIS tokens.
“Unlike existing prediction markets that are limited to a single chain, the multi-chain approach allows users’ native blockchain ecosystems to participate directly without the need for cumbersome asset bridging,” Wintermute wrote in a statement. Wintermute also noted that DeFi integrations may be possible in the future, such as providing users with yield or leverage. Wintermute also plans to use trading platforms Bebop, WOO, and Backpack as market makers for two initial ERC-20 token markets, and will expand to more markets. Wintermute’s trading pool will be backed by liquidity, and payouts will be made when one party wins.