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Opinion secures $20 million as prediction markets attract investment amid a sluggish cryptocurrency landscape.
The blockchain-driven platform claims it manages one-third of the global prediction-market activity, betting that on-chain settlement and diversification of categories can support growth.
The prediction market platform Opinion announced it has secured $20 million. (Gerd Altmann/Pixabay modified by CoinDesk)
Key details:
- Opinion reported raising $20 million in a pre-Series A funding round with support from investors including Hack VC and Jump Crypto.
- The platform executes market settlements entirely on-chain, aligning itself more closely with Polymarket than with centralized competitor Kalshi.
- Opinion claims it has experienced rapid growth since October, currently holding $130 million in open interest and maintaining robust engagement across macroeconomic and regional events.
The blockchain-based prediction-market platform Opinion announced it has raised $20 million in a pre-Series A funding round, highlighting that certain sectors of the crypto market can still attract significant investment even amid a downturn in the broader markets.
This funding round received participation from Hack VC, Jump Crypto, Primitive Ventures, Decasonic, and others, according to a press release sent out on Wednesday.
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Opinion operates similarly to Polymarket, with markets settled on-chain, rather than functioning as a centralized exchange like Kalshi. “Our settlement operates entirely on-chain,” the Opinion team informed CoinDesk via email.
The firm manages approximately one-third of global prediction-market activity and holds over $130 million in open interest, as per data from Dune Analytics. Binance Research estimated that total trading volume for December was around $7 billion, indicating a growing demand amid increasing regulatory and political uncertainties.
The company’s growth coincides with a broader structural expansion in the prediction-market sector. U.S. bank Citizens has observed that prediction markets, once a niche area, are evolving into a new asset class, with monthly trading volumes nearing $10 billion as platforms diversify beyond sports into macroeconomic and policy-related outcomes.
This fundraising round also implies that even during a subdued crypto market cycle, blockchain-based infrastructures that address genuine demand, such as event trading, continue to attract investor interest.
Opinion’s strategy focuses on diversification. While competitors primarily derive activity from sports and politics, Opinion diversifies trading across macroeconomic events, pre-token generation occurrences, cultural topics, and cryptocurrency, encompassing everything from CPI reports to geopolitical developments.
Founder and CEO Forrest Liu stated that the funding will be utilized to enhance the company’s regional presence and facilitate global expansion in preparation for the 2026 World Cup and upcoming elections.
