Opinion, a blockchain-based prediction market platform, has introduced that it has raised $20 million in a pre-Sequence A spherical, highlighting how elements of the crypto financial system can nonetheless increase important quantities of cash even when the general market is down.
The spherical included assist from Hack VC, Soar Crypto, Primitive Ventures, Decasonic and others, in line with an emailed announcement Wednesday.
Opinion operates extra like Polymarket, the place markets are settled on-chain, than a centralized trade like Kalshi. “Our funds happen completely on-chain,” the Opinion workforce informed CoinDesk through e-mail.
Dune Analytics stated it handles a couple of third of the worldwide prediction market buying and selling quantity and has greater than $130 million in open curiosity. Binance Analysis estimates whole buying and selling quantity in December at round $7 billion, noting that demand is growing amid heightened regulatory and political uncertainty.
The corporate's rise coincides with broader structural development within the prediction markets trade. U.S. financial institution Residents famous that the once-niche prediction market has developed into a brand new asset class, with month-to-month buying and selling quantity reaching round $10 billion because the platform expands past sports activities and into macroeconomic and coverage outcomes.
This funding means that blockchain-native infrastructure for real-world wants, reminiscent of occasion buying and selling, continues to draw investor capital even through the downturn within the cryptocurrency cycle.
The gist of the opinion is diversification. Whereas its opponents derive most of their exercise from sports activities and politics, Opinion expands its buying and selling into macro, pre-token occasions, tradition and cryptocurrencies, masking the whole lot from CPI statistics to geopolitical outcomes.
Founder and CEO Forrest Liu stated the funding will likely be used to deepen the corporate's regional presence and broaden globally forward of the 2026 World Cup and elections.
