Blockchain-based market prediction platform Opinion said it raised $20 million in the pre-Series A round, highlighting that certain aspects of the crypto economy can still attract significant funding even when broader markets are depressed.
The round included support from Hack VC, Jump Crypto, Primitive Ventures, Decasonic and others, according to an emailed announcement Wednesday.
Opinion operates more like Polymarket – with on-chain settled markets – than a centralized exchange like Kalshi. “Our settlement works entirely on-chain,” the Opinion team told CoinDesk via email.
The company manages about a third of all prediction market volume worldwide and has more than $130 million in open interest, it said citing Dune Analytics. Binance Research estimated total trading volume in December at around $7 billion, highlighting growing demand as regulatory and political uncertainty intensified.
The company’s rise is part of a broader structural growth in the prediction market sector. US bank Citizens noted that once-specialized prediction markets are evolving into a new asset class, with monthly trading volumes of around $10 billion as platforms expand beyond sports to macroeconomic and political outcomes.
The fundraising also suggests that even in a muted crypto cycle, native blockchain infrastructure serving real-world demand such as event trading continues to attract investor capital.
The discourse of opinion is diversification. While rivals derive most of their business from sports and politics, Opinion splits trading between macro, pre-token generation events, culture and crypto, covering everything from CPI prints to geopolitical results.
Founder and CEO Forrest Liu said the funding would be used to deepen the company’s regional presence and expand globally ahead of the 2026 World Cup and elections.
