Hi everyone, over at ftx.com we recently launched markets on who will win the 2020 presidential election! For example, https://ftx.com/trade/TRUMP. Each contract pays out $1 if Trump wins, and $0 if Trump loses. Right now it's trading at around 65c, compared to 55c on PredictIt, suggesting that there might be an arbitrage opportunity there.
We also have BERNIE, BIDEN, BLOOMBERG, WARREN and PETE. And more coming soon!
I think our market has substantial benefits over the competition:
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Free deposits and withdrawals (compared to 5% withdrawal fees on PredictIt!)
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No limits on how much you can trade
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Substantially lower fees
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Substantially more liquidity
You can withdraw up to $2,000 per day, and get upgraded to unlimited withdrawals once you have completed a brief Know Your Customer check.
You can deposit and withdraw in most major cryptocurrencies, including Bitcoin, Ethereum, USDT, PAX, USDC and TUSD. We will be adding support for credit cards soon!
If you are a political betting trading firm, please feel free to reach out to us at corporate@ftx.com to be assigned to our 24/7 support team.
Note that FTX is not available in United States or other prohibited jurisdictions.
We would love to hear your feedback on these markets. What are we missing? What can we add to make these the best 2020 markets out there?
Thanks!
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