Injective Launches First Election Prediction Market
According to Odaily, Injective has unveiled its inaugural election prediction market within its ecosystem. Users can now place leveraged bets on election outcomes via Injective’s decentralized exchange, Helix. The platform noted significant growth in prediction markets, with the total value locked (TVL) in this sector skyrocketing from $35 million to over $150 million this year—a remarkable increase of more than 300%. In just the past 60 days, the TVL has surged by over $42 million, with the upcoming U.S. presidential election serving as a key driver of this expansion.