Posted 4/8/2024, 1:32:00 PM
Prediction Markets Heat Up on Crypto Airdrops and Climate Bets
- Crypto prediction platform Polymarket has $400k in bets on which projects will airdrop tokens, with LayerZero, Blast, Friend.Tech and Eigenlayer attracting the most bets
- Separate markets are betting on Eigenlayer airdropping by April 30 (17% probability) or June 30 (66% probability), plus its eventual valuation
- Airdrops represent free money for participants, so speculation is high on which platforms might drop tokens
- A $212k bet predicts March 2024 may be the hottest March ever recorded, based on global temperature data
- Wall Street firm Susquehanna is launching an event betting desk using platform Kalshi, which just got approval for bets up to $7 million