https://cointelegraph.com/news/crypto-derivatives-exchange-ftx-launches-futures-on-2021-olympics
Exchange of Crypto Derivatives FTX Introduces the Future of the 2021 Olympics
Crypto Specialist- Harry
Should they occur, or won't they? In the wake of discussions about how secure the Olympic Games could be in 2021, cryptocurrency investors can now gamble on the possibility of their eventual leap forward.
Crypto Securities FTX has developed a new advanced futures contract for traders to buy Crypto to gamble on the possibility of the Olympic Games taking place in Tokyo in 2021. The coronavirus pandemic appears to leave an impression over the security of organizing this year, especially following the prolonged outbreak of the virus in Tokyo last month.
For any such confusion, as FTX stated in its tweet supporting a new deal, there could be a profitable demand. The new FTX Token (FTT) futures contract has, as per the exchange, a specific threat profile than Bitcoin (BTC). That It has a far better probability of making major moves ($0 or $1) with the current mark price to buy Cryptocurrency Token FTT sitting at 0.666 USD. This deal to invest in Cryptocurrency and to bid on the 2021 Olympics is said to expire by 01/01/2022.
In addition to the OLY2021 deal, FTX continues to report about the potential possibility of Trump's presidency in 2024. In fact, none of these contracts are open to citizens of barged territories, including the United States, Canada, mainland China and Hong Kong, Singapore, Turkey, the United Kingdom, and others.
Cryptocurrency-powered businesses have grown in an economically and politically troubled year. Last autumn, with the US presidential election in the spotlight, decentralized prediction sites including Augur and Polymarket registered substantial rises in trading volumes opposite Crypto derivative exchanges like FTX.
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