Solana's ecosystem Drift launches prediction market BET, supporting over 30 types of cryptocurrencies as collateral

The Solana perpetual contract trading protocol, Drift, has launched a prediction market called BET. The BET prediction market will allow traders to earn profits while holding positions and supports over 30 types of cryptocurrencies as collateral. Currently, two contracts related to the U.S. presidential election have been launched with a total betting pool exceeding $300,000 and plans are in place to expand into sports, cryptocurrency and economics categories.

Adoption is incentivized by paying FUEL tokens to traders who bet and stake DRIFT tokens. It is reported that BET (an abbreviation for "Bullish on Everything") will utilize its $500 million liquidity pool.