Leveraged Prediction Markets for Polymarket betting have gone reside on Polygon mainnet by the D8X trade. Entrance ends akin to FreelyPerps, OctoFi, and DefiSaint permit merchants to work together with the markets by their crypto wallets. Customers can place leveraged bets on occasions just like the 2024 U.S. presidential election, the place the present mark worth for Donald Trump to win is 0.4893 with an open curiosity of 30 TRUMP24 contracts.
One other out there market is the San Francisco 49ers successful the Tremendous Bowl in 2025, that includes a mark worth of 0.1062 and an open curiosity of 10 SUPBWL49 contracts. The modest open curiosity, with a most leverage degree of 2x, contrasts with the $1 billion in quantity within the Polymarket spot market.
Different protocols, akin to SynFutures, dYdX, and Injective, are additionally reportedly launching or planning leveraged prediction market merchandise. SynFutures launched its leveraged prediction markets earlier this month and has acquired 24,700 Trump contracts up to now. The funding charge is -0.0100%, however there was simply $245 in quantity over the previous 24 hours.
The potential alternative for prediction market derivatives is apparent as a consequence of Polymarket’s 2024 success. Nevertheless, the query stays as as to whether the accessible consumer expertise of Polymarket’s platform is driving the expansion or the character of the markets themselves. The way forward for the derivatives facet of this market will depend on having the ability to entice customers emigrate away from Polymarket’s entrance finish.
What’s D8X trade?
D8X, an institutional-grade decentralized trade for derivatives, addresses the problem of managing danger in prediction markets—which resolve to both 0 or 1 relying on the end result—by using a system of dynamic leverage, charges, and slippage. This strategy ensures system stability from a danger perspective.
“Our Leveraged Prediction Markets are a wholly new product. We’re big followers of Polymarket and are thrilled to supply customers the chance to put their bets with leverage,” mentioned Caspar Sauter, co-founder of D8X. “Leverage permits D8X customers to maximise their potential earnings whereas sustaining management over their degree of danger.”
The brand new product makes use of Polymarket spot feeds as enter. Markets out there at launch embody whether or not “Inside Out 2” would be the highest-grossing movie in 2024 and if Tim Walz would be the Democratic nominee for vice chairman on Election Day. Future plans contain incorporating all Polymarket feeds throughout sectors like sports activities, politics, popular culture, enterprise, and science.
Nevertheless, non-political markets look like even much less widespread in spinoff markets than their spot counterparts, with the Inside Out 2 market but to draw a single contract as of press time. Polymarket has seen appreciable success by betting on the US election, whereas different markets have failed to return shut.
To facilitate these markets, D8X has built-in feeds from Stork Lab’s Open Information Market. Stork’s oracle gives ultra-low-latency buying and selling information, important for real-time prediction markets. “Stork is the one main supplier of real-time prediction market feeds,” mentioned Meredith Pitkoff, co-founder of Stork Labs. “D8X’s new Leveraged Prediction Markets are an thrilling alternative to showcase how Stork is reimagining pricing oracles by offering absolutely customizable, high-quality information.”
Leveraged prediction markets by D8X
D8X’s system robotically adjusts leverage, charges, and slippage primarily based on market situations. Most leverage decreases when uncertainty is highest—that’s, when consequence chances strategy 50%. Larger uncertainty results in increased charges, and trades within the route of market skew incur extra prices. The platform additionally options dynamic slippage tailor-made to present market dynamics.
Initially out there on D8X entrance ends on Arbitrum, the Leveraged Prediction Markets will roll out to Polygon zkEVM and X Layer. The platform’s on-chain buying and selling engine accepts any ERC-20 token as collateral, together with liquid restaking tokens, highlighting its flexibility.
Since its launch on Polygon zkEVM in February, D8X expanded to X Layer in Might and Arbitrum in June. The platform plans to introduce the $D8X token throughout the subsequent two quarters. A profitable pre-seed funding spherical raised $1.5 million, with participation from Polygon Ventures, Axelar, Swissborg, Decima Fund, HV Capital, Cogitent Ventures, Veris Ventures, Pragma Ventures, CryptoDiscover, and others.
D8X goals to construct “incorruptible monetary machines” usable by anybody, together with conventional monetary establishments. The platform serves as a white-label engine for managing perpetual futures markets on-chain.