During the 2020 election, FTX created a perpetual contract market in a similar fashion to the crypto derivatives markets it was famous for, asking investors to bet on the outcome of the election. Should Trump have won, it would have risen to $1, and when he lost, it fell to $0.
![Trump-Themed Tokens Rocket as Prominent Crypto Fund Bets on Coins Modeled After Ex-President Trump-Themed Tokens Rocket as Prominent Crypto Fund Bets on Coins Modeled After Ex-President](https://www.coindesk.com/resizer/EbH1mnlKkZmQewpwqLQpzi3HhZo=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZC5LQCYIAJFLRDCO5PPNROBD2Y.png)