BlockBeats News, June 11th. According to an official announcement from XBIT DEX, the platform officially launched its leveraged prediction market feature on June 11th, becoming the first to support up to 5x leverage in high liquidity market trading.

At the same time, XBIT also kicked off a World Cup event with a total prize pool of 1.1 million USDC. The event will cover matches from the opening game to the final stage on July 19th.

Platform data shows that the first "Mexico vs. South Africa" prediction market has been launched, with the current market predicting Mexico's win rate at about 69%, a draw at 21%, and South Africa's win rate at 11%. This prediction market covers multiple dimensions of results including win/loss, handicap, total score, exact score, and corner kicks.

This event covers 48 teams and a total of 104 matches. Users can receive prediction tickets in both contract trading and prediction market trading to participate in daily featured match predictions. Those who predict correctly can share the corresponding prize pool. The single match prize pool will increase as the tournament progresses, reaching up to 150,000 USDC for the final, and includes a dual leaderboard mechanism for both contract and prediction market trading.