BitMart launches USDT-based prediction market service

Global cryptocurrency exchange BitMart has officially launched a prediction market service. The new offering allows users to conduct USDT-based prediction trading on a variety of events, including cryptocurrency price movements, sports outcomes, and political issues. The service employs a binary prediction structure where contract prices range from $0 to $1, with correct predictions settling at $1 per contract. Users can freely trade contracts before settlement to manage their risk. To commemorate the launch, BitMart is holding a promotional event with a total of $15,000 in airdrops and ranking rewards. The exchange stated that funds for the prediction market are held separately and that settlements are processed automatically based on public and transparent rules.