"DYdX will launch perpetual futures on prediction markets," d'Haussy said, explaining that decentralized finance needs to offer something special to differentiate itself from centralized venues.
"The prediction market could offer DeFi a unique opportunity to regain attention," d'Haussy said, adding that the DEX is also looking at foreign currency and indexes markets.
Prediction markets allow investors to place bets on the outcome of specific events, ranging from sports, financial asset prices, political events and even the weather, using financial incentives.
DYdX's impending foray into prediction markets is a part of the dYdX Unlimited upgrade, which is expected later this year, introducing features like a permissionless listing of markets.
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