dYdX has introduced Trump Prediction Market Perpetuals, allowing traders to leverage positions on Donald Trump's chances in the 2024 US Presidential Election. This market, approved by the dYdX community, enables users to take long or short positions on Trump's electoral prospects in a decentralized and non-custodial environment. Traders can use leverage and advanced order types to manage risk and capitalize on election volatility. The market is based on the TRUMPWINYES contract on Polymarket, settling at $1 if Trump wins and $0.00001 if he does not. Traders can participate by connecting wallets, depositing USDC, and assessing Trump's chances. The initiative may lead to more leveraged prediction markets on real-world events. The launch coincides with a rise in decentralized prediction markets, with platforms like BET on Solana seeing significant trading volume. CryptoSlate provides comprehensive crypto news and insights, emphasizing Bitcoin, DeFi, and AI. Read more AI-generated news on: https://app.chaingpt.org/news

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