PANews reported on September 17 that according to CoinDesk, dYdX, a decentralized cryptocurrency exchange focusing on perpetual contracts, plans to enter the prediction market field, allowing users to make leveraged bets on the results of binary events. Charles d'Haussy, CEO of the dYdX Foundation, said: "dYdX will launch perpetual futures in the prediction market, and DeFi needs to provide some special features to distinguish it from CEX. Prediction markets may provide DeFi with a unique opportunity to regain attention." Prediction markets allow investors to use financial incentives to bet on the results of specific events, including sporting events, financial asset prices, political events and even weather. Perpetual contracts are derivative contracts similar to futures, with no expiration date, allowing market participants to hold positions for as long as they see fit.