Prediction Markets Surge as Neutrl Unlocks Crypto Yield Opportunities
Prediction markets are reaching unprecedented volumes, with weekly activity hitting $3.68 billion—a 2.4x increase over last year's election peak. The sector's growth is fueled by a fundraising arms race, highlighted by Kalshi's $11 billion valuation after a $1 billion raise and Polymarket's talks for a $12-15 billion valuation.
New entrant Opinion Labs, backed by YZi Labs, now commands nearly a third of total prediction market volumes. Meanwhile, Neutrl is emerging as a dark horse in crypto yield generation, with early metrics suggesting untapped potential.