Amidst a generally weak cryptocurrency market, prediction markets continue to show bullish momentum. Blockchain prediction market platform Opinion recently announced the completion of a $20 million Series A funding round, demonstrating investors' continued confidence in the long-term development of prediction markets.
Opinion secures $20 million in cryptocurrency venture capital funding.
Opinion ( Opinion Labs ) completed its Series A funding round this week, raising a total of $20 million. New investors include crypto venture capital firms such as Hack VC, Jump Crypto, Primitive Ventures, and Decasonic. This news comes at a time when cryptocurrency trading volume and price volatility are slowing, and investors are gradually shifting their focus to prediction markets. This funding also demonstrates that even during a cryptocurrency downturn, blockchain infrastructure can still attract venture capital funding.
The overall market trading volume is projected to reach $7 billion, with demand continuing to expand.
Opinion operates similarly to Polymarket, with all market settlements completed on the blockchain, rather than using a centralized exchange architecture like Kalshi. The Opinion team states that its settlement process is entirely on-chain to enhance transparency and verifiability. Citing data from Dune Analytics, the company notes that Opinion currently handles approximately one-third of global prediction market trading volume, with open interest (OI) exceeding $130 million. Furthermore, Binance Research estimates that total prediction market trading volume in December last year was approximately $7 billion, indicating that demand for prediction market products continues to expand despite rising political, regulatory, and macroeconomic uncertainties.
Opinion's development also reflects the overall changes in the forecasting market industry. Citizens Bank in the United States pointed out that the forecasting market is gradually evolving from a niche market to an emerging product in the mass investment market. Forecasting platforms are no longer limited to sports events, but have even expanded to macroeconomic indicators, policy trends and public events.
How does Opinion differ from other prediction markets?
Opinion combines AI oracles, on-chain trading infrastructure, and DeFi to enable users to make predictions without relying on institutions or expensive terminal devices. Its core product, O.LAB , is a fully decentralized and permissionless prediction market platform using the CLOB architecture and supporting all ERC-20 tokens as trading pairs. Opinion touts its ability to allow anyone to create and trade their insights using all ERC-20 tokens. The project operates on the Opinion protocol and integrates with dApps for seamless trading.
Opinion emphasizes its core advantage lies in the diversification of its trading categories. Compared to some competitors who primarily focus on sports or political events, Opinion covers markets including macroeconomic data, pre-token generation events, cultural issues, and cryptocurrency-related outcomes, with trading instruments ranging from the Consumer Price Index (CPI) to geopolitical events. Opinion founder and CEO Forrest Liu stated that the funds raised will be used to deepen regional market expansion and prepare for the 2026 World Cup and election campaigns.
This article, which predicts that Opinion will receive 20 million in venture capital funding and supports all ERC 20 tokens, first appeared on ABMedia, a ABMedia .
