Prediction Markets Expand with New Platforms and Investments
The prediction market landscape is seeing significant developments with new platforms and substantial investments. Polymarket, powered by Polygon, remains a leader in the space, showing strong performance last week. Meanwhile, Intodotspace is set to launch soon, offering 10x leverage prediction markets on Solana, having raised $12 million against a $2.5 million ask, backed by the UFO team valued at $1.5 billion.
Additionally, Trylimitless has gone live following a $10 million raise, which included investment from Coinbase Ventures. In its first week, the platform reported a trading volume of $4 million, generating $13,000 in fees and $297 in revenue. These developments highlight the growing interest and investment in prediction markets, with platforms like MindoAI, Helios Layer1, DeepNodeAI, PerceptronNTWK, and C8ntinuum also gaining attention.