rewrite this title and make it good for SEO Prediction Markets Startup Opinion Raises $20M Pre-Series A to Accelerate Global Expansion – NFTgators

Quick take:

Opinion’s market settlement mechanism is entirely on-chain.

The platform claims to settle about a third of all prediction market volume globally and boasts about $130 million in open interest.

The company plans to use the fresh capital to accelerate its global expansion ahead of an eventful global market.

Opinion, the on-chain prediction market platform claiming to handle a third of the global volume, has raised $20 million in a pre-Series A round backed by Hack VC, Jump Crypto, Primitive Ventures, and Decasonic, among others, CoinDesk reported.

The company plans to use the fresh capital to accelerate its global expansion ahead of an eventful global market in 2026, including the World Cup and elections. Prediction market platforms have become popular over the past couple of years, after Polymarket’s accurate prediction of President Trump’s election win in 2024.

Since then, more platforms have joined the race, with US-regulated Kalshi, particularly challenging Polymarket’s market leadership. Unlike Kalshi, which settles markets using a centralized mechanism, akin to a centralized crypto exchange platform, Opinion and Polymarket both settle markets entirely on-chain.

According to Opinion, its platform currently accounts for about a third of all prediction market volume globally and boasts about $130 million in open interest.

While most prediction market platforms are focusing on sporting events and politics, Opinion looks to cast a wider net. Users can trade across a variety of events, including macro, pre-token generation events, culture, and crypto, covering everything from CPI prints to geopolitical outcomes.

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