trade.xyz launches Event contracts to enter prediction markets
trade.xyz has rolled out Event, a new product that marks its formal move into prediction markets, according to an official announcement cited by BlockBeats on Sept. 11. The company said the offering will cover sports, politics, economics, and financial markets, with more categories and contract structures set to be added over time. The launch ties prediction-style trading to trade.xyz’s existing perpetual futures infrastructure rather than relying on a separate external pricing system. The platform said users can deposit spot BTC, borrow USDC through portfolio margin, open a pre-IPO SpaceX perpetual position, hedge an upcoming SK Hynix earnings event through event markets, and take positions on the U.S. Open champion. trade.xyz added that its earlier Up/Down markets, described as similar to binary event contracts, already span equities, commodities, and pre-IPO markets. Those markets are backed by the depth and liquidity of trade.xyz perpetual contracts on HIP-3, while the perpetuals themselves provide continuous price discovery and serve as the settlement source.








