Crypto Derivatives Exchange FTX Releases Futures Contract for Betting on Trump Re-Election
Jason Stinth
Exchanges
4 years ago
1 QCP
Cryptocurrency derivatives exchange FTX has introduced a futures contract that allows traders to bet on the likelihood of US president Donald Trump being re-elected in 2020. The contract started trading at $0.5 and will expire to $0 if Trump loses the election – if Trump wins, the contract will expire to $1. The exchange explains what the price of the contract represents:
“Theoretically--ignoring interest rates, fees, inefficiency, spread, etc.--the price of once contract of TRUMP should be equal to the probability that Trump wins reelection. So if you think there's a 52% chance of Trump winning, then TRUMP should trade at $0.52, buying below there would be good, as would selling above $0.52.”
https://coincodex.com/article/6886/crypto-derivatives-exchange-ftx-releases-futures-contract-for-betting-on-trump-re-election/
“Theoretically--ignoring interest rates, fees, inefficiency, spread, etc.--the price of once contract of TRUMP should be equal to the probability that Trump wins reelection. So if you think there's a 52% chance of Trump winning, then TRUMP should trade at $0.52, buying below there would be good, as would selling above $0.52.”
https://coincodex.com/article/6886/crypto-derivatives-exchange-ftx-releases-futures-contract-for-betting-on-trump-re-election/
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