SynFutures has launched a perpetual contract on the U.S. election win rate, with the current probability of Donald Trump being elected president at 47%
According to the official announcement, SynFutures has launched the U.S. election win rate perpetual contract, users can use up to 10 times leverage, on the Trump or Harris presidential Polymarket prediction market win rate leveraged trading. The probability of Trump being elected President is currently 47% on Polymarket and 52% on Harris. The market will settle on or around November 4th.
SynFutures is said to be one of the largest on-chain derivatives markets. According to the DefiLlama Derivatives Data Board, SynFutures has been ranked in the top 3 markets in terms of volume over the past 24 hours, and has exceeded $170 billion in cumulative volume and 9.5 million on-chain trades since going live on its main website in March. It had a 65% share of Blast's derivatives market in the second quarter, and ranked No. 1 in terms of trading volume two weeks after going live on Base. SynFutures previously announced that it had received $38 million in funding from Pantera, Polychain, Dragonfly, Standard Crypto, and other top-tier institutions in the industry, and that the agreement had been audited by Quantstamp.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FTT briefly broke through $3.5, with a 24-hour increase exceeding 26.18%
Bitwise: Bitcoin may continue to fall in the coming weeks