D8X, an onchain perp platform that runs on Polygon zkEVM, X Layer, and Arbitrum, has announced the launch of five leveraged orderbook markets based on Polymarket data. D8X aims to build "incorruptible financial machines" and provide liquidity backbone for perp DEX apps. The leveraged prediction orderbooks include bets on the US election outcome, the DNC VP nominee, the next Super Bowl winner, and the highest-grossing movie in 2024. Leverage, fees, and slippage are dynamically scaled based on the state of the underlying Polymarket. The goal is to allow anyone, including traditional financial institutions, to engage in prediction markets. Other platforms like SynFutures and Injective have also launched leveraged markets on election outcomes. Polymarket, considered a killer crypto app, is looking to raise $50 million in new capital. Regulatory clarity remains a challenge for prediction markets, with Kalshi's offering halted due to regulatory appeal. Despite this, prediction markets are gaining popularity and attracting mainstream attention. Urbit, a project aiming to rebuild the internet, is experiencing a shakeup with cofounder Curtis Yarvin's return and possible funding challenges. However, its unique and radical approach, along with Yarvin's controversial figure, makes it an intriguing project in the crypto space.



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