Blockchain-based prediction market platform Opinion has raised $20 million in a pre-Series A funding round.
A recent CoinDesk report said the round included Hack VC, Jump Crypto, Primitive Ventures and Decasonic. Opinion emphasised it differs from centralised exchanges such as Kalshi in that it settles markets in a decentralised way.
The company said Opinion accounts for one-third of global prediction-market trading volume and holds more than $130 million in open interest.
Prediction markets were a niche market, but are now evolving into a new asset class that goes beyond sports to include macroeconomic and policy outcomes. U.S. Citizens Bank analysed that monthly prediction-market trading volume has reached about $10 billion.
Opinion is expanding its trading scope into macroeconomics, pre-token-generation events, culture and cryptocurrencies, unlike rivals focused on sports and politics. CEO Forrest Lyu (포레스트 리우) said the company plans to use the investment to strengthen its regional presence and pursue global expansion in preparation for the 2026 World Cup and elections.
Chi-gyu Hwang
delight@d-today.co.kr