Prediction markets are gaining momentum, having proven their accuracy in the 2024 U.S. elections and attracting significant VC interest, with market leader Polymarket’s valuation hitting $100B.
Many crypto natives have long utilized prediction markets for various events, and the latest entrants are more social, user-friendly, and accessible than ever, supporting both binary bets on real-world events and crypto predictions.
Myriad embodies the new class of prediction markets, being clean, slick, and easy to master, with a wealth of markets to trade, having processed over $11M in volume from almost 400,000 users.
Myriad supports binary, categorical, and scalar contracts using an AMM bonding-curve model, making it a thriving platform with diverse markets ranging from Donald Trump’s travel plans to OpenSea’s token launch.
Polymarket is the biggest prediction market, with a $100B valuation and total trading volume approaching $1B, continuing to innovate and partner with X to integrate prediction data into Grok.
Polymarket has not only become a leading source of polling data but also a giant in web3, having outperformed most legacy media pundits in the 2024 Presidential election.
Kalshi’s prediction market is CFTC approved, operating in 50 U.S. states, offering U.S-centric and mainstream-focused markets, such as betting on when the next Jimmy Kimmel show will air or the Fed’s next interest rate decision.
Having raised over $260M from VCs, including Sequoia Capital, Paradigm, and Y Combinator, Kalshi is poised to prosper in the U.S., likely to be favored by institutions seeking exposure to blockchain prediction markets.
PredX is a smaller prediction market that lets users trade based on the impact of tweets posted by KOLs, incentivizing KOLs to share quality coin picks and users to keep tabs on consistent winners.
PredX’s market enables real-time monitoring of tweets, adding an economic layer to social media, and groups predictions into categories, making it an incentive layer for X.
Hedgehog.markets allows users to “bet on anything” with a simple dashboard displaying the latest markets, having a real community vibe and being Solana-focused.
Hedgehog provides a good split between crypto and real-world events, with popular markets including BTC’s price level in 2025 and the likelihood of Polymarket deploying on Solana.
Prediction markets are expected to undergo parabolic growth in the coming year, both in terms of unique users and volume, providing mainstream users with a compelling reason to start their on-chain journey.
They offer a simple and easy-to-use way to gain synthetic exposure to a broad array of assets and events, making them ideal for millions of forthcoming crypto users to begin their web3 journey.
