Introduction
With Bitcoin continuously declining recently, many sectors have been affected, especially the PerpDEX space. The token of the leader Hyperliquid, $HYPE, has dropped by over 50% since its September peak, indicating that market discussion and liquidity remain low.
In this period of stagnation, prediction markets have shown逆势 enthusiasm and imagination, the key being that the leader Polymarket has not yet issued its token. As a result, emerging platforms such as Kalshi, Opinion, and Predict.fun have attracted significant attention. They differ in regulation and mechanisms, offering investors low-risk, high-potential entry paths in a market where the situation remains unclear.
Regulated crypto prediction platform: Kalshi
Kalshi was founded in 2018 by former Silicon Valley engineers Tarek Mansour and Luana Lopes Lara. It currently allows users to participate in various prediction markets related to politics, sports, and cryptocurrencies.
Although Kalshi has been established for seven years, its explosive growth occurred in 2025, especially in Q4, with monthly trading volume increasing from hundreds of millions of dollars at the beginning of the year to $13 billion, setting a record of $1.7 billion in a single week.
Kalshi Feature 1: Crypto-Friendly
Kalshi's biggest advantage lies in its integration of fiat and cryptocurrency strengths. The platform is committed to bridging traditional finance and the crypto world, allowing users to deposit funds via fiat, as well as using USDT and USDC stablecoins for deposits.
In addition, Kalshi is collaborating with various crypto teams, aiming to capture a share of the crypto prediction market:
Phantom Wallet: Allows users to directly connect to Kalshi DApp for predictions, greatly reducing the barrier to entry.
Tron DAO: Collaborating to expand multi-chain liquidity.
Coinbase, Robinhood: Attracting more users and establishing transfer channels between CEXs and Kalshi, significantly reducing risk control risks.
Kalshi Feature 2: Regulatory Compliance
Kalshi has been approved by the U.S. Commodity Futures Trading Commission (CFTC) since 2021, qualifying as a designated contract market provider, and has since become the benchmark for U.S. prediction markets, offering U.S. users a legal and secure betting environment.
Currently, the regrettable aspect is that Kalshi does not yet support registration for users in Taiwan. If Kalshi opens registration for multiple Asian countries before other prediction markets meet regulatory requirements, it is certain to attract a large number of new users.
Kalshi Funding Status
Since Kalshi opened crypto deposits, it has attracted significant funding from crypto venture capital firms in 2025, including Paradigm, Coinbase Ventures, and CapitalG, with total funding reaching $1.5 billion.
Binance-related prediction platform: Opinion
Opinion is currently the largest prediction market on the BNB chain, and backed by Yzi Labs, the predecessor of Binance Labs, I believe it can be regarded as the Aster of prediction markets.
Opinion is positioned as an AI-driven macro prediction market, enabling users to bet on future macroeconomic events using cryptocurrencies and monetize their predictions. The platform supports BNB for betting, not limited to stablecoins, offering greater asset diversity.
Opinion Feature 1: AI-Driven
One of Opinion's strengths is using AI to analyze markets and generate prediction markets based on user searches, effectively solving the pain point of having demand but no available prediction markets.
Additionally, users can leverage AI-recommended optimal entry points to determine whether buying YES/NO is currently overvalued or undervalued. Final settlement via AI models also effectively shortens settlement time, allowing quick reinvestment into the next prediction.
Opinion Feature 2: Points System
The second major feature of Opinion is its transparent points system: users who participate in prediction markets exceeding $200 per week have the chance to claim 100,000 points, which will be converted into Opinion tokens at future TGE.
Here are three efficient ways to earn Opinion Points:
Avoid 99%/1% prediction markets: markets with extremely high or low win rates have lower weight. It's better to hedge around 50%/50% prediction markets within a reasonable loss range to achieve higher weight.
Underperforming markets have higher weight: compared to popular markets with over $100M in volume, underperforming markets receive higher weight, especially for market makers. However, these markets typically have lower liquidity and require extra attention to slippage.
Avoid over-trading: frequent buying and selling in a single market may cause Opinion to classify users as bots, thus reducing point weight.
Yzi Labs incubated: Predict.fun
Predict.fun is a relatively new prediction platform. Like Opinion, it is backed by Yzi Labs. However, Predict.fun's founding team brings in PancakeSwap’s influence, which aligns with the team's core philosophy.
The core concept of Predict.fun is to keep prediction funds active, allowing users to earn returns while placing bets. Users can check the annualized returns in their My Positions, which is also the standout feature of Predict.fun compared to other prediction platforms.
Is Predict.fun competing for the BNB Chain leadership?
Although Predict.fun has been live for less than half a year, based on Yzi Labs' promotion and CZ's statements, if Predict.fun gains Binance's support, it could rapidly gain popularity in a short time, attracting active engagement from users in the Binance ecosystem.
Predict.fun Airdrop Points
Predict.fun also adopts a transparent points system to attract users. Compared to other platforms, joining Predict.fun early offers better access to early benefits. However, if TGE occurs later than other platforms, it may lead to reduced user expectations and lower participation.
How to choose among the above platforms or Polymarket?
After Polymarket re-entered the U.S. market in early December, it became a legally compliant prediction platform within the U.S. However, compliance with mandatory KYC requirements may hinder global users from accessing the platform. So how should one choose among these platforms? Consider the table below for guidance.
Kalshi Opinion Predict.fun Polymarket Taiwan Accessibility requires KYC, high difficulty; direct connection requires VPN. Deposit Methods: US bank transfer, wire transfer, crypto on-chain deposit; on-chain crypto, credit card, PayPal. Token Expected: No token announcement. Public Airdrop Points: Public airdrop points. Airdrop Expected: High. Main Advantages: Long-term compliant operation, US domestic advantage, AI innovation, macro-focused events, yield-generating positions, deep team background, market leader, globally crypto-friendly.
Excluding Taiwan's difficulty using Kalshi, making it unsuitable for comparison, if you seek convenience and direct access, consider Predict.fun to claim early points. Users who anticipate potential integration with Binance may consider Opinion, the current prediction leader on the BNB chain. For those wanting to save research time, Polymarket, currently the most popular in the crypto space, is a good choice.
Conclusion
Prediction markets not only provide users with opportunities to monetize their insights but also hide various strategies waiting to be developed by investors. Whether arbitrage across multiple prediction platforms or capitalizing on information timing differences, these approaches can potentially generate high profits in prediction markets. If you haven't joined this feast yet, why not pick a convenient prediction platform and start earning returns by predicting events while positioning for future airdrop expectations?
This report is for informational purposes only and does not constitute any form of investment advice or decision-making basis. The data, analysis, and views cited in this document are based on the author's research and public sources, and may involve uncertainty or change at any time. Readers should make investment decisions based on their own circumstances and risk tolerance. For further guidance, it is recommended to consult a professional advisor.
