Solana-based Drift Protocol Launches BET Prediction Market, Challenging Polymarket
Solana-based perpetual decentralized trade Drift Protocol unveiled BET, which stands for Bullish on All the things, a prediction market platform.
Solana-based perpetual decentralized trade Drift Protocol unveiled BET, which stands for Bullish on All the things, a prediction market platform. This new providing goals to problem the main protocol Polymarket, which noticed report volumes amid a heated U.S. election season.
Regardless of Drift’s spectacular begin with $310,000 in open curiosity, it stays far behind Polymarket, the place bettors have positioned $74 million on Harris and $82 million on Trump. At the moment, Trump holds a slight edge with a 50% probability of successful.
Polymarket accepts USDC, whereas Drift permits bets in 30 cryptocurrencies and affords yield alternatives by means of lending. As political betting dominates, accounting for 88% of Polymarket’s quantity, Drift plans to develop into areas like popular culture and sports activities, promising new markets similar to Components 1.
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