Share this article
BitMEX's Prediction Market Is Now Live
Current prediction market contracts revolve around FTX bankruptcy claim recoveries, the future of bitcoin ETFs, and Sam Bankman-Fried’s jail sentence.
Updated Sep 13, 2023, 8:30 a.m. Published Sep 13, 2023, 5:42 a.m.
Crypto derivatives exchange BitMEX has started a prediction market, which allows traders to bet on the outcome of real-world events.
Prediction markets have been around for quite some time but have seen a surge in popularity thanks to Polymarket.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Polymarket, which was fined $1.4 million in January 2022 for unregistered swaps, offers bettors a plethora of contracts from the serious, such as the victor in the first Republican primary debate, to the absurd, like former President Obama’s sexuality, the chance of Russia using a nuclear weapon before the end of 2023, or the existence of aliens.
BitMEX’s prediction market, which its calling its newest derivative product, is going for the former rather than the latter, launching with offerings of prediction contracts on the percentage recovery rate of FTX’s bankruptcy claims, the chance of an approval of a Bitcoin Exchange Traded Fund on or before October 17, and the chances of Sam Bankman-Fried ending up in jail.
“We want our traders to ride the waves of the ever-changing world, hence introducing Prediction Markets at BitMEX,” Stephan Lutz, BitMEX’s CEO said in a release. “This product adds the mojo to crypto derivatives trading, allowing traders to diversify their portfolios and earn returns by predicting outcomes of real-world news.”
Lutz said that more contracts will be added soon.
“In a bear market with low volatility, prediction markets are a great tool to level up your trading game,” he continued.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Bitcoin slips below $88,000 as traders brace for $28.5 billion Deribit options expiry
Crypto continues to lose ground ahead of this week's record options expiration, while defensive positioning and thinning liquidity suggest caution into 2026.
What to know:
- Bitcoin and crypto prices moved steadily lower in U.S. Monday afternoon trading.
- Over $28.5 billion in bitcoin and ether options are set to expire Friday on derivatives exchange Deribit, the largest expiry in its history.
Top Stories
