Superbowl Prediction Market Goes Stay on Derivatives Change, FTX
January 1, 2021
Cryptocurrency derivatives platform, FTX has listed the “Nationwide Soccer Convention Superbowl 2021” (NFC-SB-2021) contracts.
The annual championship recreation of the Nationwide Soccer league is performed on the primary Sunday in February which this time falls on Feb. 7.
FTX is now permitting folks to wager on the way forward for this recreation.
These residing within the US, Canada, the European Union, the UK, Singapore, the UAE, Cambodia, Turkey, mainland China, and Hong Kong SAR, amongst different prohibited jurisdictions, nonetheless, will not be allowed to commerce these contracts.
These futures contracts expire to $1 if a staff within the Nationwide Soccer Convention (NFC) wins the 2021 Superbowl and $Zero if a staff within the American Soccer Convention (AFC) wins. If there isn’t any winner by July 1, 2021, these contracts will expire at $0.50.
Each NFCWIN-SB-2021 and AFC-SB-2021 are ERC20 tokens that will likely be redeemable on FTX for both $1, $0, or $0.5 based mostly on the outcomes of the Superbowl. These spot tokens are tradeable on the platform.
At present buying and selling at a market value of 0.423, they’ve an open curiosity of 535 SUPERBOWL with a buying and selling quantity of $101 prior to now 24 hours.
FTX continues to leap on the tendencies and bridge the hole between crypto and mainstream markets. Up to now it has listed Pre-IPO contracts of the likes of Coinbase and Airbnb, tokenized mainstream shares like Tesla, Google, Netflix, and launched the prediction market of 2020 US Presidential.
AnTy has been concerned within the crypto area full-time for over two years now. Earlier than her blockchain beginnings, she labored with the NGO, Physician With out Borders as a fundraiser and since then exploring, studying, and creating for various trade segments.