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dYdX launches "2025 World Series Perpetual" – Connecting DeFi with the prediction market for sports
dYdX has just launched a new market called “2025 World Series Perpetual”, allowing users to predict whether the Los Angeles Dodgers, Shohei Ohtani's team, will win the 2025 Major League Baseball (MLB) championship. This contract operates similarly to perpetual contract trading in the field of cryptocurrency, but is tied to actual sports outcomes rather than digital assets.
Users can open long or short positions with leverage of up to 5 times, along with take profit and stop loss orders, helping to control risks more effectively. Payments occur in real-time, providing transparency and continuous updates throughout the season. This is a new advancement connecting decentralized finance (DeFi) with the sports prediction market.