This 12 months’s prediction market house was dominated by Kalshi and Polymarket. Nonetheless, current developments point out that new challengers are rising. Certainly one of them is Opinion Labs, a prediction platform mentioned to be backed by Yzi Labs, the funding arm of Binance.
The platform reportedly grew to become The third prediction market with weekly buying and selling quantity of over $700 million.
Market gamers are calling for an arms race for supremacy, though the Carsi-Polimarket duo at present has a head begin.
Opinion Labs grew to become the one prediction market aside from Calci and Polymarket to succeed in $700 million in weekly buying and selling quantity. Supply: Messari
Opinion Labs is third alternative after Kalshi and Polymarket
There isn’t any doubt that Kalshi and Polymarket are the present undisputed leaders within the prediction market house, however rivals have already emerged to compete for a share of the fast-growing market.
Opinion Labs raised $748.8 million in notional principal for the week ending October 27, 2025. Kalsi earned $1.26 billion and Polymarket collected $1.11 billion. That is no imply feat contemplating Opinion opened its prediction markets to the general public on November 4th. Beforehand, customers wanted an invite code to affix.
Austin Weiler, a analysis analyst on Messari’s Protocol Companies workforce, mentioned Opinion’s entry into the prediction market recreation represents pleasure about one other “doubtlessly massive” participant coming into the prediction market house with the amount to again up its operations.
One other comparable candidate is the Limitless platform at present thriving at Base. Decentralized prediction markets, a small however fast-growing “Polymarket clone” that is garnering consideration, tout guarantees of decrease charges and simpler adoption for retail customers.
October was an amazing month for prediction market platforms Kalshi and Polymarket
Prediction markets are right here to remain, and Calci and Polymarket are the present leaders on this rising market. In line with Austin Weiler, who shared a thread about their efficiency final month, Polymarket recorded The notional principal quantity is $1.9 billion and the calci quantity is $1.8 billion, each of that are rising at an annual fee of over $45 billion as of October twenty second.
Kalsi and Polimarket recorded similar quantity statistics in October. Supply: Messari
Analysts hinted that this efficiency was the results of a battle for supremacy amongst prediction platforms, with makes an attempt to outdo one another driving enhancements in real-world merchandise and drawing consideration to prediction markets outdoors of cryptocurrencies.
Karshi and Polimarket are additionally within the lead when it comes to funding. In line with Weiler’s thread, each groups have raised loopy quantities of cash, with Kalsi elevating $185 million in June and one other $300 million in October, and Polymarket closing a $2 billion spherical from ICE final month.
The NHL additionally signed licensing agreements with each Calci and Polymarket, making it the primary main league within the U.S. to endorse prediction markets. The partnership will permit Calci and Polimarket to function NHL-branded markets and acquire recognition throughout league broadcasts.
Which means hundreds of thousands of viewers, a lot of whom have by no means heard of prediction markets, can be watching prediction markets on TV, not simply CT. All of that is anticipated to result in elevated curiosity in prediction markets, and when that occurs, platforms reminiscent of Kalshi and Polymarket have already got the infrastructure in place to offer their providers.
In fact, as the sphere grows, in addition they have to fret about rising rivals.
