9 Best Crypto Prediction Markets in 2025

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Anatol Antonovici

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Anatol Antonovici

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December 15, 2025

Prediction markets allow you to monetize your convictions, facilitating the trade of future outcomes. Today, Polymarket remains the best crypto prediction market overall thanks to its blockchain integration, high liquidity, intuitive interface, and global access.

Crypto investors are showing growing interest in prediction markets as they bring a new asset class: belief. This concept is both exciting and intriguing for retail and institutional investors alike.

Prediction markets have experienced record trading volumes in 2025, particularly following increased regulatory clarity from the U.S. Commodity Futures Trading Commission (CFTC).

In this article, you’ll explore brief reviews of the best Web3 prediction markets today, learn what prediction markets are, and discover how to use Polymarket.

Best Crypto Prediction Markets Reviewed

The crypto prediction market has been dominated by Polymarket for years, as the platform consolidated its position during the 2024 U.S. election, which was won by Donald Trump. While it remains the best decentralized platform, it now faces growing competition from centralized players, such as Kalshi.

Let’s take a quick look at where you can trade outcomes today.

1. Polymarket – Overall Best Prediction Market

Polymarket is the largest and most popular decentralized prediction market. Powered by the Polygon network, it allows users to bet on the outcome of real-world events related to politics, sports, asset prices, and more.

Each event is represented by a statement or question, like “Who will Trump nominate as Fed Chair?” or “AI bubble burst by Q4 2026?” Users can buy “Yes” and “No” shares for each event, the prices of which fluctuate based on the odds.

Users prefer Polymarket for its clean interface and the integration of USDC, one of the best stablecoins. The platform surged in popularity during the 2024 U.S. election campaign, when its total value locked (TVL) hit a record $512 million.

After a major correction, the marketplace has been steadily growing more organically, cementing its leading position thanks to its high volume, diverse markets, low fees, and institutional backing. For example, in November 2025, Polymarket partnered with Yahoo Finance for a prediction markets hub, while NYSE parent ICE plans to invest up to $2 billion in the platform.

👉 Learn more: Is Polymarket Legit, Legal, and Safe?

2. Kalshi – Best for U.S. Residents

Kalshi is one of the fastest-growing and most talked-about prediction market exchanges in 2025. While the U.S.-based private company operates as a regulated prediction platform, it supports USDC deposits and aims to integrate more blockchain elements.

For example, in September 2025, the platform announced KalshiEco Hub in collaboration with Solana and Coinbase’s Base network. The initiative will attract developers and traders through grants and marketing support.

The prediction marketplace is expanding rapidly. In October 2025, it raised $300 million at a $5 billion valuation, followed by a $1 billion round at a valuation of $11 billion just one month later. Meanwhile, Coinbase is reportedly building its own prediction platform using Kalshi infrastructure.

Although it’s still one of the best prediction platforms for U.S. users, Kalshi’s success may be at risk. Its main source of volume, Robinhood, is teaming up with Susquehanna International Group to build an independent prediction market, having already secured CFTC approval. On the regulatory front, a Nevada court blocked Kalshi from offering sports-wagering contracts.

3. Robinhood Markets – Best for Web2 Users

Robinhood, the go-to stock trading app for retail investors, launched a Presidential Election market at the end of 2024 and expanded its prediction hub at the beginning of 2025, focusing on events across sports and economics.

However, the app is centralized and available only to users in the U.S. and U.K. Despite the limited geography, prediction markets have become the broker’s fastest-growing product line by revenue, with more than 9 billion contracts traded by over 1 million users. Investors prefer it over other prediction markets for its accessibility and user experience.

As mentioned, Robinhood is collaborating with Susquehanna International Group to expand its prediction market offer. The company plans to buy a 90% stake in Miami International Holdings, which has operated LedgerX since the collapse of the FTX exchange. The new prediction market is expected to roll out in 2026.

4. Duel Duck – Best for Casual, PvP Prediction Battles

Do you prefer casual, fun prediction battles with automatic crypto payouts? Then you should look into Duel Duck, a prediction platform built on Solana for fast execution and low fees. This peer-to-peer (P2P) platform lets everyone engage in prediction battles and anticipate future events in sports, crypto, and gaming.

Anyone with a Phantom or Solfare wallet can create a duel or participate in existing ones by making predictions. The platform has been used by over 90,000 players, who invest in hundreds of duels each month.

5. Limitless – Top Prediction Market on Base

Limitless is a prediction market on Base, one of the largest Ethereum Layer 2 networks. The platform has been growing fast in H2 2025, especially after the launch of its native LMTS token. Like Polymarket, Limitless allows users to buy “Yes” and “No” shares on the outcome of a wide range of events, including crypto prices, economics, and sports.

The LMTS token offers staking and reduced fees, while 0.25% of every trade is used for token buybacks. At the end of November 2025, the platform surpassed $600 million in total trading volume, cementing its position as the largest prediction market on Base.

Since the token launch, monthly users have surged past 20,000. The platform is poised to expand further, having secured $10 million in a seed round led by 1confirmation and joined by Arrington Capital and DCG.

6. Myriad – Best Web3 Prediction Market on BNB Chain

Myriad is a new prediction market that has been growing rapidly over the past few months. It launched in March 2025 and has surpassed $150 million in cumulative on-chain volume, with November contributing a record $102 million, up nearly 200% from the previous month.

The surge came shortly after Myriad expanded to the BNB Chain, after originally launching on Abstract. The integration with the BNB ecosystem deepened in December 2025, when it partnered with Trust Wallet, one of the best non-custodial wallets and often associated with the BNB Smart Chain (BSC) ecosystem.

Users can now bet on outcomes across crypto, politics, sports, entertainment, and economics directly from their Trust Wallet app. Meanwhile, the prediction platform introduced Myriad Pools, which allows liquidity providers to deposit crypto funds for rewards while contributing liquidity.

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7. Hedgehog Markets – Best Crypto Prediction Market on Solana

Hedgehog Markets is a Solana-based decentralized prediction market. Like Polymarket, it allows users to bet on the outcomes of events across sports, politics, and crypto price movements, among others. It stands out for being the first platform of its kind on Solana, although it has since lost market share to Polyquest.

Users can connect their non-custodial wallets, such as MetaMask or Phantom, to deposit Solana-based USDC and create a market or place bets. Today, the platform offers a few dozen markets with low volumes, but it still appeals to beginners.

8. PlotX – Best for Predicting Crypto Prices

PlotX started in 2020 as an Ethereum-based prediction market that allowed users to bet on crypto price movements across hourly, daily, and weekly timeframes.

However, in 2022, its v2.5 update rebranded the platform as a play-to-earn (P2E) fantasy trivia game that enables players to answer various questions for rewards. It introduced contests across multiple categories, including football, cricket, and tennis, expanding its coverage beyond crypto prices.

Users can answer questions about match details, results, and player performances, getting the chance of winning prizes. Meanwhile, the crypto forecast features remain operational. Successful players get their rewards in the native PLOT token, which has declined 99% since its 2020 peak.

9. Polkamarkets – Best Web3 Prediction Market on Polkadot

Polkamarkets is a prediction market on Polkadot, a Layer 1 network that focuses on interoperability and allows everyone to build their own blockchain version from scratch.

The platform markets itself as an Autonomous Prediction Market protocol designed for cross-chain information exchange. Users can take positions on the outcomes of real-world events within a decentralized ecosystem, covering a range of topics including cryptocurrency prices, sports, and politics.

The platform is powered by its native Ethereum-based token POLK, whose market cap crossed $70 million during its peak in 2021. However, its valuation has since declined to less than $1 million. Users still need the token to create new markets and participate in governance.

While Polkamarkets doesn’t currently host events, its infrastructure is used by Myriad, a newer prediction platform that launched on Arbitrum and expanded to BNB Chain in October 2025. In a September 2025 update, Polkamarkets urged users to withdraw POLK from centralized exchanges and prepare for a new era.

What Are Prediction Markets in Crypto?

In crypto, prediction markets are platforms that allow users to trade crypto assets on the outcome of real-world events and earn rewards for accurate predictions. For example, users can bet on events represented by questions and statements such as “TIME 2025 Person of the Year,” “English Premier League Winner,” or “Will Satoshi move any Bitcoin in 2025?”

By depositing crypto assets like USDC, users can trade on these events and generate returns in the case of successful outcomes.

Some events are binary, such as specific questions related to politics or economics, while others have several possible outcomes, like predicting the winner of a tournament. Still, complex events are made up of multiple binary outcomes.

So, whenever someone says, “Let’s argue about it,” you can go to a crypto prediction market and monetize your conviction.

Some platforms are centralized but allow crypto deposits, while others, like Polymarket, are decentralized, at least at the execution level.

How Do Crypto Prediction Markets Work?

Crypto prediction markets offer an online space where users can trade on the outcome of events. The prices of each possibility, reflecting the odds, are determined organically through collective market belief. In the end, winning users receive payouts that derive from the funds pooled by the losing side.

Does it sound harsh? It might seem so, but these markets are fair, especially the decentralized ones. Prediction platforms allow anyone to take on risk and turn their convictions into potential returns.

Basic Mechanism

Here is how most prediction markets work. Unlike in sports betting, where users make a deposit and pick outcomes with different fixed odds, prediction platforms convert outcomes into “shares.” It works much like trading company shares on the stock market, but instead of Google or NVIDIA, you buy “Yes” and “No” shares tied to an event.

Each share is priced between $0 and $1, reflecting the market’s collective belief in the probability of an outcome. Low-probability outcomes are priced lower, but here is the catch: if you’re correct, your shares settle at $1. Otherwise, the losing side ends up with $0. Therefore, if your low-probability outcome materializes and you win, you receive a higher payout.

For example, as of December, a “Yes” share of the “US recession in 2025?” event costs $0.024, representing a 2% chance. If you buy one “Yes” share and a U.S. recession is confirmed, you receive $1, which means a net profit of $0.976 or a return on investment of over 4,000%. Basically, the higher the risk, the higher the return.

In this example, the “Yes” share has a very low price because the outcome is unlikely, given that only one month remains in the year and no recession has been confirmed. However, the shares are fluctuating based on market sentiment, and this particular event has experienced a volatile trajectory throughout the year.

Crypto prediction markets host events across different categories, including crypto prices, sports, politics, economics, etc. On Polymarket and other major platforms, the rules are stipulated below each event.

Some platforms also provide ultra-short-term markets, like 15-minute crypto up/down events, allowing users to speculate on the short-term price performance.

Web3 and Decentralized Prediction Market Elements

While the trading experience is usually similar on all major prediction platforms, they differ greatly under the hood. For example, unlike centralized and regulated services like Robinhood and Kalshi, decentralized or semi-decentralized platforms rely on blockchain to ensure transparency and settle automatically.

But if blockchains have no intermediaries, who decides the outcome? For this, prediction markets use blockchain oracles, which are tools that connect decentralized networks to the real world by supplying external data like prices and event results.

Instead of relying on a centralized authority to verify all the event results and make the payouts, decentralized prediction markets use smart contracts, which are self-executing programs that settle based on predetermined conditions. Blockchains like Ethereum, Solana, BNB Chain, and Avalanche all support smart contracts, which form the foundation of dApps.

Many users prefer decentralized prediction systems as they can retain full control over their crypto funds. Also, trust is transferred to open-source code and a fully transparent process instead of a third party.

Types of Crypto Prediction Markets and Contracts

Besides being centralized or decentralized, there are different types of crypto prediction markets and contracts. As a beginner, it’s important to distinguish them to reduce the risk of losses and make informed decisions.

Here are several aspects you should know about.

Binary vs. Multi-Option Markets

As mentioned earlier, markets can be either binary, with only two possible outcomes, or have several possible outcomes. For example, the question “Will Bitcoin hit $100,000 in 2025?” is a binary market question.

Meanwhile, multi-option markets include several binary options. For example, a market might ask “Will Bitcoin hit _ by 2025?” with outcomes such as $80k, $100k, and $150k, each with distinct “Yes” and “No” shares.

Event Resolution Mechanics

Depending on how decentralized they are, prediction markets settle differently. A centralized platform can use an internal team of operators who verify official data sources to decide the result.

On the other side, decentralized platforms use oracles to feed on-chain data from external sources. For example, crypto-related events may aggregate pricing data from major exchanges like Binance and Coinbase. Some protocols allow users to challenge or dispute incorrect resolutions.

Market Structure

Platforms also vary by market structure and settlement mechanisms. The liquidity model of centralized platforms usually relies on traditional order books, while decentralized platforms can implement automated market maker (AMM) systems similar to those found in decentralized exchanges (DEXs).

Also, most platforms use stablecoins for settlement to eliminate the risk of volatility, although a few settle in major cryptocurrencies (e.g., Duel Duck pays out in SOL).

Why Are Crypto Prediction Markets Gaining Traction?

Augur, launched in 2018, introduced the concept of a decentralized prediction market, but the sector only exploded in 2024, when Polymarket attracted a record $500 million in total value locked (TVL) amid the heat of the U.S. election.

The major success of Polymarket is not explained by the election campaign’s intense activity alone, but by the fact that the world saw how a decentralized platform could be more accurate than most opinion polls, which are often prone to manipulation.

What Our Expert Says...

Anatol Antonovici

Crypto Content Writer, Blockchain Expert

“It turns out that Polymarket did a better job at predicting Donald Trump’s victory, Israel’s strikes on Iran, and the results of New York’s mayoral elections. It seems that decentralized platforms can reflect the wisdom of crowds more accurately while letting anyone monetize their conviction.“

Anatol Antonovici

Crypto Content Writer, Blockchain Expert

Thanks to blockchain’s global, permissionless access, more investors started to speculate on the outcomes of events. Crypto holders discovered a new way to generate returns on-chain, fueling the rapid growth of this new sector.

DefiLlama data shows that the sector’s TVL is at over $367 million in December 2025, which is about three times higher compared to the same period in 2024.

More importantly, this growth is not attributed to one major event, like the U.S. election, but is organic and reflects the wider adoption of decentralized prediction platforms.

Meanwhile, Kalshi’s trading volume in USD and contract terms continues to reach new record levels in December 2025, exceeding 2024 metrics.

As their success becomes evident, venture capital (VC) firms have started pouring billions, with several established companies seeking to launch their own prediction markets. Institutional backing is also surging due to more regulatory clarity in the U.S. and other jurisdictions.

After the CFTC dropped its appeal against Kalshi earlier in 2025, the sector secured a green light for its next wave of growth. CFTC stepped back after Kalshi challenged its ban on election contracts, arguing that elections aren’t gambling but governance, to which the agency eventually agreed.

“Today is historic,” Tarek Mansour, CEO and co-founder at Kalshi, told Reuters at the time, adding that “Kalshi’s approach has officially and definitively secured the future of prediction markets in America.”

Now everyone is talking about prediction markets, and this time it’s not about elections. New players are in a rush to launch their versions of prediction markets, including Crypto.com, Coinbase, and fresh startups like The Clearing Co.

Risk Management Tips for Using Crypto Prediction Markets

Whether you consider predictions a form of gambling or a way to monetize your analytical skills, you should not ignore the risks. For a safer journey, always do your own research and be sure to understand how a platform works before using it.

Even when you are confident about the outcome of a specific event, only invest what you can afford to lose. History shows that anything is possible in this world, so don’t be 100% certain about anything.

For each event, read the market rules carefully, preferably several times, to understand how results are resolved.

Last but not least, don’t fall into the trap of emotional trading, no matter what the crowd seems to believe. Stick to logic and analysis for every trade.

Future Trends and Outlook for Web3 Prediction Markets

Crypto investors are always seeking the next big trend to gain exposure to. We have had decentralized finance (DeFi), non-fungible tokens (NFTs), meme coins, artificial intelligence (AI) coins, and real-world asset (RWA) projects, among others. Now it’s time for prediction markets to shine, and it seems they are here to stay.

What Our Expert Says...

Ines S. Tavares

Evergreen Editor for Cryptonews, Cryptocurrency Market Specialist

“Prediction markets gained major traction during the 2024 U.S. election and saw spikes in races like the 2025 NYC mayoral election. High-profile events such as the 2026 U.S. midterms and the World Cup could push them into the mainstream.“

Ines S. Tavares

Evergreen Editor for Cryptonews, Cryptocurrency Market Specialist

The next generation of prediction platforms may be faster and more integrated into the broader crypto ecosystem. Even centralized platforms like Kalshi are exploring more ways to integrate blockchain technology.

As the sector evolves, we may see more markets with deep liquidity, including events with 15-minute windows. Meanwhile, the convergence of on-chain sensors, AI, oracles, and prediction engines could power decentralized forecasting systems.

The great thing about decentralized prediction markets is that we can tokenize event outcomes, effectively trading our beliefs in a transparent environment. Besides stocks, commodities, and currencies, conviction is becoming one of the most valuable resources.

Institutions and VC firms are starting to take note as regulatory updates bring more clarity, especially in the U.S. Sequoia, Andreessen Horowitz, Coinbase, and ICE are all into prediction markets now, investing billions. These platforms meet an acute demand for fair predictions, and the sector is poised for mass adoption in the coming years.

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