Later on launching TRUMP futures trading terminal week, FTX plans to release v additional 2022 presidential election-based futures products.

"What we're near to come up out with is just like contracts for the tiptop five Autonomous candidates," an FTX representative told Cointelegraph in an interview.

2020 Reelection futures aggrandize offering

FTX plans to launch a Bernie Sanders (BERNIE) futures trading product, as well every bit futures on Joe Biden (BIDEN), Elizabeth Warren (WARREN), Pete Buttigieg (PETE) and Mike Bloomberg (BLOOMBERG).

Although FTX has not finalized a release date for these products as of press fourth dimension, the representative said they should get alive within the next several days, possibly equally early as today.

TRUMP futures have performed well then far

On Feb. v, FTX announced a futures trading product called TRUMP, based on President Donald Trump's re-election in 2022. Essentially, TRUMP contracts trade betwixt $0 and $1. If Trump achieves re-election, all contracts immediately become worth $one. If he fails to secure a second term, TRUMP contracts get worthless.

"The initial feedback has been extremely positive," the representative said regarding TRUMP so far. "People have been really excited about this," he noted, adding that FTX tallied a new daily active user high when information technology launched TRUMP trading.

FTX's five additional futures products will have the same structure every bit TRUMP trading.

TRUMP futures' first hours of trading

TRUMP futures' first hours of trading. Source: ftx.com

Currently ongoing, the 2022 presidential primaries ultimately decide a unmarried candidate to faceoff against Trump. That existence said, 4 out of the five FTX democratic futures trading products will get worthless prior to the 2022 elections.

"We don't have contracts on who'due south going to win the primaries specifically," the representative said. "At most, ane of these contracts is going to expire to $ane."

Trading data

Trading data. Epitome source: ftx.com

FTX restricts trading in many countries

FTX prohibits numerous regions from trading TRUMP, including Canada, the European union, the United Kingdom, and even the United states — the land hosting the elections on which these products are based.

The FTX representative explained the exchange is exercising caution. "It's entirely regulatory," he said, noting countries' laws and guidelines differ regarding various trading types. "In a lot of countries, there are various licensing regimes for contracts like this."

The representative added:

"We basically don't desire to overstep what we tin do there, and and then we, unfortunately, had to restrict the jurisdictions that we could offer this under. I recollect going forward, apparently, the more excited people are, the more motivated we're going to be to try to offering it in more and more places. Whether that actually ways getting, or at to the lowest degree looking into, what licenses would exist relevant for information technology in different places."

FTX as well wanted to launch these products on the market place in a timely fashion, which led to the banning of sure countries now.

Numerous other trading platforms ban participants from the U.South. and other countries due to regulatory concerns. In June 2022, crypto exchange Binance fifty-fifty joined the movement, disallowment U.S. citizens from its platform before launching futures trading.