As we get closer to the 2024 US presidential election, Wintermute is gearing up to launch its new multi-chain prediction platform. This platform will let users place bets on election outcomes using various blockchain networks.

Wintermute’s multi-chain feature allows participants to engage directly from their preferred blockchain. This setup removes the usual technical hurdles found in single-chain prediction markets. It simplifies everything by eliminating the need to move assets between different chains, which helps cut costs and reduce complexity.

Additionally, the platform introduces TRUMP and HARRIS tokens, representing the election candidates Donald Trump and Kamala Harris. Users can use these tokens for placing bets and in DeFi applications. They’re tradable on multiple decentralized and centralized exchanges, which opens up new liquidity options. This is a big step up from most prediction markets, where token use is often limited.

Wintermute has partnered with notable names like Bebop, WOO X, and Backpack to support its prediction platform. They’ve also teamed up with Chaos Labs to ensure data accuracy across all chains. Chaos Labs’ Edge Proofs Oracle provides real-time, tamper-proof data that underpins Wintermute’s prediction engine.

Omer Goldberg, the CEO of Chaos Labs, explained, “What sets our market and data integrity engine apart is the unique integration of advanced AI and LLMs with risk models. Edge Proof’s multi-chain architecture ensures seamless delivery of price, risk, and proofs across ecosystems, embedding trust in prediction markets.”

Wintermute’s timing is spot on, aligning with the rising interest in election-related prediction markets. Recent reports from BeInCrypto show that Polymarket’s election betting volume has hit $926 million, with expectations that it could reach $1 billion as the election date approaches.

Moreover, Dune Analytics reveals that nearly 70% of Polymarket’s weekly users focus on election bets. Since June, Polymarket’s total value locked (TVL) has surged by 277%, nearing $120 million. At the same time, the number of monthly active users has grown by 50%, reaching 66,400.