Kalshi and Polymarket has new contender in prediction markets

Kalshi and Polymarket have dominated the prediction market space this year. However, recent developments point to emerging challengers. One of them is Opinion Labs, a prediction platform that is allegedly backed by Yzi Labs, Binance’s investment arm. The platform reportedly became the third prediction market to surpass $700 million in trading volume over a week. Market watchers are now calling an arms race for supremacy, despite the head start that the duo of Kalshi and Polymarket currently enjoy. Opinion Labs became the only prediction market besides Kalshi and Polymarket to reach $700 million weekly in trading volume. Source: Messari Opinion Labs becomes third option behind Kalshi and Polymarket There is no doubt that Kalshi and Polymarket are the current undisputed leaders in the prediction markets space, but rivals are already emerging to claim shares in a fast-growing market. Opinion Labs attracted $748.8 million in notional volume for the week of...

https://www.cryptopolitan.com/kalshi-polymarket-contend-prediction-markets/