Polkamarkets Labs
Published in

Polkamarkets Labs

Weekly Radar (September 21, 2022)

Weekly Radar (September 21, 2022)

This fall, the 20th National Congress of the Chinese Communist Party will determine China’s political direction for the next five years. As a result, Xi Jinping is poised to secure a historic third leadership term and cement his place as the country’s most powerful leader since Mao Zedong. This trend is highly corroborated by the Polkamarkets community, with Xi’s reelection at 0.840 GLMR over his close contender Li Keqiang.

Although Xi has won widespread support over his campaign on corruption and by projecting Chinese strength to the world, his zero-COVID policy has led to a high unemployment rate and social discontent, forcing the middle class to start boycotting mortgage payments.

Furthermore, on the world stage, there is tension in U.S.-China relations in many areas, including technology, trade, and Taiwan. Should this be enough for a change of leadership in China? The odds do not favor Li Keqiang’s chances, but we are still a few weeks away from the final whistle, and a lot can happen until then.

The World Cup is just around the corner, and Group E is expected to become a two-horse race between Spain and Germany, and rightfully so.

From 2008 to 2012, the Spanish team won two European Championships and a World Cup. However, since then, they went through a slight downturn, with the losses to Italy in the 2020 UEFA Euro Championship semifinal and against France for the UEFA Nations League title. On the other hand, Germany has been ready for the World Cup since last October, when they were the first team to qualify for the tournament. They also changed their manager, with Hansi Flick taking over from Joachim Low, who was sacked after some embarrassing losses to Russia in the 2018 World Cup and to England during Euro 2020.

The new manager will also benefit from Bayern Munich’s heavy weaponry, such as Joshua Kimmich, Serge Gnabry, Manuel Neuer, Thomas Müller, and Leroy Sané. Add in Chelsea’s Kai Havertz and Real Madrid’s Antonio Rudiger, and you have a team that could rival any nation in the World Cup. The race will be tight between these two contenders to see who will finish first in Group E of FIFA World Cup 2022. The Polkamarkets community is slightly leaning toward Germany (Yes at 0.571 MOVR), but there is still time for you to participate and have a say on this forecast.

You might not know who Gautam Adani is, but someone in the Polkamarkets Community is eager to see if he could become the wealthiest man in 2022.

The Indian Billionaire stole the spotlight last week when he briefly surpassed Jeff Bezos and the French Fashion Tycoon Bernard Arnault to become the world’s second-richest person (according to Forbes). Adani owns stakes in six publicly traded companies that operate in ports, airports, green energy, data centers, and more. His wealth has almost trebled to a whopping $155,5 billion since last year as shares in his companies have soared on the back of a rapid expansion amid rising energy prices.

Elon Musk continues to secure the top spot in the global wealth ranking with a net worth of $273.5 billion, but Adani’s appetite for expansion has seen him making bold moves in a wide range of industries, such as cement manufacturing, media outlets, and green energy. Will these recent investments be enough to claim the throne this year? The Polkamarkets community sees it as far-fetched, with the price of the YES position at just 0.311 MOVR. However, few would imagine that his name would climb up the Forbes list so quickly, proving anything is possible.

Under the Polkamarkets Radar

Since its inception, SpaceX has been on a mission to take humans to Mars. But the race for the Red Planet is getting crowded.

Last July, two start-up space companies from California — Relativity Space and Impulse Space — announced their joint plans to launch the first commercial mission to Mars in 2024, years ahead of SpaceX’s, which pushed this goal towards the end of the decade.

Both start-ups are no strangers in the space field. Relativity Space was founded in 2015 and has since raised over a billion in funding. Impulse Space is more recent (2021) and specializes in “creating orbital maneuvering vehicles specifically for last-mile payload delivery,” according to their website. Relativity and Impulse just might be the first commercial space companies to reach Mars. However, it is important to note that neither company has yet put a single payload into space. Can they pull off their ambitious plan as scheduled for 2024? Anyone at the Polkamarkets Community to land the question?

Forecast the future with Polkamarkets Protocol. Check out the app at https://app.polkamarkets.com

About Polkamarkets

Polkamarkets is an Autonomous Prediction Market Protocol built for multi-chain information exchange and trading where users take positions on outcomes of real-world events–in decentralized and interoperable EVMs.

Telegram

Discord

Twitter

LinkedIn

Website

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Polkamarkets Labs

Polkamarkets Labs

Autonomous Prediction Market Protocol, an EVM protocol solution for the Polkadot Ecosystem. https://www.polkamarkets.com/