The New Frontier of Futures Contracts

In a world where even the Olympic Games aren’t safe from the chaotic whims of a pandemic, FTX has stepped up by launching specialized futures contracts aimed at predicting the occurrence of the Tokyo Olympic Games in 2021. Picture this: you can now bet on whether or not athletes will finally strut their stuff on the world stage or if the only games we see will be reruns of the last Olympics. Talk about putting your money where your mouth (or masks) is!

Risk & Reward: The Allure of OLY2021

FTX has unveiled the OLY2021 futures contract, and it’s quite the intriguing option for traders. Unlike the more stable Bitcoin (BTC), the new contract has a unique risk profile. FTX describes it as having a “significantly higher chance of making large moves.” This means you could swing from celebrating a financial windfall to contemplating the deepest existential dread of losing everything if the Olympic Games – for whatever reason – don’t take place.

Why FTX? Why Now?

With the coronavirus continuing to disrupt plans and new outbreaks making headlines, FTX has recognized that uncertainty breeds opportunity. The exchange made a bold move, encouraging traders to capitalize on unpredictable situations through their new offerings.

• Expect high volatility
• Punters can engage with events as they unfold
• Not just financial bets, but predicting human stories

Political Betting: The Trump Factor

In addition to bets on the Olympics, FTX is also continuing to serve up speculation on what’s next in the political arena, particularly the potential return of a certain ex-president for a 2024 run. For every futures contract on sports events, there seems to be one on political theater, adding more fuel to the speculative trading fire. Who doesn’t want to place bets on the increasingly unpredictable U.S. political landscape?

Restrictions Apply

As exciting as it sounds, these contracts come with their own slew of regulations and restrictions. Though they’re designed for global traders, U.S., Canadian, and several other jurisdictions are barred from participating in this wild rollercoaster of speculation. America may be divided in politics, but it certainly loves a good bet – just not on FTX.

The Future of Prediction Markets

Cryptocurrency-powered prediction markets found their stride during a year filled with upheaval and uncertainty. The political and economic landscapes are so unpredictable that platforms like Augur and Polymarket saw a rise in trading volume as traders sought to predict the unpredictable. As FTX dives into this realm, it’s clear that we’re seeing just the tip of the iceberg when it comes to betting on vulnerabilities both in politics and in events as grand as the Olympic Games. So, whether it’s the future of sports or politics, one thing is certain: in 2021, uncertainty is the name of the game!