- The New York live crypto trading tournament was a spectator-style investing event in which contestants competed for a $10,000 prize, a decorative Japanese sword, and bragging rights using simulated capital.
- Participants competed on profit-and-loss rankings using Bitcoin, Ether, Pengu, Solana token, HYPE and perpetual futures, with as much as 40x leverage.
- The WSJ said the combination of social trading platforms such as Legend, Polymarket, and perpetual futures infrastructure is fueling the spread of spectator finance and entertainment-driven investing.
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