According to TechFlow, cryptocurrency market maker Wintermute announced the creation of a U.S. presidential election prediction market smart contract called OutcomeMarket. The market is scheduled to be launched on multiple chains including Ethereum (ETH), Base and Arbitrum (ARB) next week, and will launch two new tokens TRUMP and HARRIS.
OutcomeMarket aims to improve liquidity, efficiency, and accessibility by eliminating intermediaries and removing minting or transaction fees, enabling seamless participation across chains and multiple trading venues.
The platform will leverage Chaos Labs’ Edge Proofs Oracle to ensure accurate data delivery across multiple blockchain ecosystems. Bebop, WOO, and Backpack will provide the initial trading venues for these tokens, with more venues to come online later.
