BeInCrypto Institutional Research: 15 Growing Prediction Market Platforms
Best Market Predictions Solution is an award category within The BeInCrypto Institutional 100, an annual research-driven program recognising institutional digital asset excellence across 26 categories and six pillars.
This category sits in Pillar 1: Retail to Crypto Bridge. The 15 firms below are its longlist, drawn from venues, broker-and-wallet integrations, decentralised protocols, and specialist liquidity infrastructure that powered institutional and retail participation in event-contract and prediction markets between April 2025 and March 2026.
During this period, the prediction market sector grew from roughly $1.2 billion in monthly notional volume to over $25 billion. A shortlist will be named in May 2026, and the winner will be announced at Proof of Talk in Paris on June 2–3, 2026.
- Longlist: 15 firms, covering CFTC-regulated DCM exchanges, broker and wallet-distributed event contract platforms, on-chain crypto-native prediction markets, DEX-integrated prediction protocols, sports-and-reputation specialists, and specialist prediction-market liquidity infrastructure
- Candidates screened: Starting pool of 34 prediction-market platforms and infrastructure providers across the institutional event-contract stack; 15 advanced to this longlist, with 5 additional firms held in the outreach pool.
- Scoring (Track B): Editorial quantitative 30% | Expert Council 50% | Disclosed 20%
- Criteria assessed: Market depth, liquidity, resolution quality, user base, regulatory standing, institutional relevance, technical infrastructure
- Sources: Regulator filings (CFTC Designated Contract Market and Derivatives Clearing Organization registers, CFTC Futures Commission Merchant and Introducing Broker rolls, ESMA event-contract guidance, FCA temporary registrations), on-chain volume data via Dune Analytics and DefiLlama, firm-published transparency reports, exchange listing disclosures, audited financial filings of public-listed parent companies, and private-market data platforms including PitchBook, Tracxn, and Crunchbase, supplemented by mainstream financial press.
| # | Firm | Sub-Segment | HQ | Scale Signal | Core Product | Representative Work |
|---|---|---|---|---|---|---|
| 1 | Polymarket | On-chain venue | New York, USA | $10B+ monthly volume$1.6B ICE commitment | On-chain event contracts | ICE data distribution agreementLargest on-chain prediction market |
| 2 | Kalshi | CFTC-regulated DCM | New York, USA | $22B valuation$10B+ monthly volume | Event contract exchange | First regulated US prediction marketLaunched crypto perpetuals (2026) |
| 3 | Robinhood Predictions | Broker distribution | Menlo Park, USA | 12B+ contracts traded26.8M funded accounts | In-app prediction hub | Largest retail distribution layerMIAXdx acquisition (2026) |
| 4 | Coinbase Predict | Broker distribution | United States | 100M+ usersNationwide rollout (2026) | App-based event contracts | Integrated with Kalshi backendRegulatory litigation strategy |
| 5 | Backpack Predictions | Exchange integration | United States | $363B lifetime exchange volumeUnified portfolio launched | Cross-margined predictions | One-account system across spot and perpsMiFID II access via FTX EU |
| 6 | Crypto.com Derivatives | CFTC-regulated DCM | Singapore / USA | 100M+ users40x prediction growth | Event contract exchange | White-label backend for multiple platformsSports and finance markets |
| 7 | Limitless | On-chain venue | Cayman Islands | $1B+ monthly volume$2B+ cumulative | CLOB prediction markets | Fastest growth among on-chain platformsBNB Chain expansion |
| 8 | Opinion | On-chain venue | BNB ecosystem | $158M TVL$14M+ fees generated | Decentralized predictions | Second-largest DeFi prediction marketAI-generated market rules |
| 9 | Fanatics Markets | Sports specialist | United States | 200M+ users (parent)Live in 24 states | Sports prediction markets | Crypto.com backend integrationMulti-category expansion planned |
| 10 | Manifold Markets | Reputation-based | United States | Thousands of marketsStrong calibration metrics | Play-money predictions | Widely used in research communitiesOpen API forecasting |
| 11 | Metaculus | Reputation-based | United States | 3.5M+ predictions20K+ active questions | Scientific forecasting | Used by research institutionsHigh calibration accuracy |
| 12 | Azuro | DEX infrastructure | Decentralized | 30+ frontend platformsMulti-chain deployment | Liquidity infrastructure | Liquidity Tree modelProtocol-as-infrastructure design |
| 13 | Thales Markets | DEX protocol | Decentralized | Multi-chain deploymentSynthetix integration | Binary options + sports | Longest-running Optimism protocolOvertime sports vertical |
| 14 | DraftKings Predictions | Sports specialist | United States | $14B market cap (parent)38-state launch | Event contract platform | CME settlement infrastructureRailbird acquisition |
| 15 | Raven Trading | Liquidity infrastructure | Bulgaria | Backed by Wintermute, Coinbase Ventures$2.7M seed round | Market making, liquidity | Provides institutional liquidity layerSupports multi-venue depth |
About This List
The BeInCrypto Institutional 100 — Prediction Markets (2026 Long List) identifies the platforms and infrastructure enabling institutional and retail participation in event-contract markets. This includes regulated exchanges, broker integrations, on-chain venues, and supporting liquidity providers.
Methodology
This category is evaluated under Track B of the BIC 100 methodology: 30% quantitative metrics, 50% Expert Council scoring, and 20% disclosed data.
Assessment spans seven criteria: market depth, liquidity, resolution quality, user base, regulatory standing, institutional relevance, and technical infrastructure.
Data was verified using regulatory filings, on-chain analytics platforms, and private-market sources, including PitchBook and Tracxn. Figures reflect the most recent available data at publication.
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