Global digital asset trading platform BitMart officially launched its "Prediction Market" product today. Users can use USDT to predict and trade future events such as cryptocurrency price movements, sporting events, and political events. The platform uses a binary prediction mechanism, with contract prices fluctuating between $0 and $1, reflecting the market's real-time assessment of the probability of events occurring. Users can trade contracts at any time before event settlement, flexibly managing risk. Those who make correct predictions receive $1 in settlement for each contract. To celebrate the launch, BitMart is launching a limited-time event with a total prize pool of $15,000, where participating users can share in airdrops and leaderboard rewards. The platform stated that prediction market user funds will be held in an independent, secure account, and all settlements will be automatically executed based on transparent and publicly available rules.