Injective has announced the launch of the first election prediction market within its ecosystem, allowing users to leverage bets on election outcomes through Injective's decentralized exchange Helix. The total value locked (TVL) in prediction markets has increased from $35 million to over $150 million this year, a growth of over 300%. The U.S. presidential election has been a major catalyst.

Odaily Planet Daily reports that Injective has announced the launch of its first election prediction market within its ecosystem on X. Users can now leverage bets on election outcomes through Injective's decentralized exchange, Helix. 

Injective noted that prediction markets are experiencing rapid growth, with the TVL in this sector increasing from $35 million to over $150 million this year, representing a growth of over 300%. In just the past 60 days, more than $42 million has been added. The U.S. presidential election has been a major catalyst for this growth.

Injective: Users can now use Helix to leverage bets on election outcomes.