Opinion Raises $20 Million as Prediction Markets Gain Traction
- Blockchain-based platform Opinion raised $20 million in a pre-Series A funding round.
- The funding was backed by firms including Hack VC, Jump Crypto, and Primitive Ventures.
- Opinion manages approximately one-third of global prediction-market volume with over $130 million in open interest.
- Monthly trading volumes for prediction markets have reached around $10 billion as they evolve into a new asset class.
- Founder Forrest Liu stated the funds will help expand the company’s presence ahead of major events like the World Cup and elections.
Despite a challenging crypto market, Opinion’s successful fundraising highlights ongoing investor interest in blockchain-native infrastructure that meets real demand, particularly in event trading. The rise in monthly trading volumes indicates a growing acceptance of prediction markets as a legitimate asset class.
The recent funding round underscores the potential for platforms like Opinion to thrive, with over $130 million in open interest reflecting significant market activity.(Source)
