trade.xyz launches event contracts, officially entering the prediction market sector.

BlockBeats news, September 11, according to official sources, trade.xyz launches Event, officially entering the prediction market sector.

It is introduced that Events will cover sports, politics, economics, and financial markets, and continuously expand category scope and contract forms. Users can deposit spot BTC, borrow USDC through portfolio margin, open pre-IPO SpaceX perpetual contract positions, hedge the upcoming SK Hynix earnings event with event markets, and pick the US Open champion.

trade.xyz's initial Up/Down (similar to binary event contracts) markets cover stocks, commodities, and pre-IPO, supported by the depth and liquidity of trade.xyz perpetual contracts on HIP-3. These perpetual contracts provide continuous price discovery and serve as settlement sources, so each contract is based on XYZ's liquid market prices rather than external oracles.