In 2025, crypto prediction markets and derivatives experienced significant growth, transitioning from niche experiments to mainstream financial instruments. Platforms like Polymarket saw increased activity, with traders placing substantial bets on geopolitical events, such as the capture of Nicolás Maduro, which turned a $30,000 bet into $436,000. This surge in activity highlighted the evolving infrastructure and liquidity in decentralized finance, as platforms moved to custom environments, reducing latency and eliminating gas fees. The year also saw a shift in distribution, with perpetual futures becoming integrated into popular wallets and messaging apps, broadening user access and participation. Additionally, decentralized platforms expanded into synthetic markets for foreign exchange and commodities, offering 24/7 access to global markets. Regulatory frameworks began to provide more clarity, reducing existential risks and encouraging institutional participation. This convergence of improved infrastructure, liquidity, and distribution marked a turning point for crypto derivatives, setting the stage for further growth and innovation.