On April 23, cryptocurrency exchange Phemex launched prediction markets using the infrastructure of Polymarket, one of the largest platforms in the sector. Users can trade outcomes of real events in macroeconomics, geopolitics, technology, sports, and culture directly from their exchange accounts, according to a press release.

The integration is seamless within the standard exchange environment: no separate wallet is required, and trades are conducted through regular accounts in USDT and USDC. The format is familiar to active traders.

“We rely on Polymarket's liquidity: this ensures deep markets, tight spreads, and a constant flow of new events without isolated pools,” Phemex stated.

Campaign for Traders

Alongside the launch, Phemex is running a four-week campaign featuring a prize pool, bonuses, and a refund for the first trade. Traders will compete in weekly leaderboards based on PnL and ROI, with rankings resetting each week.

The first 500 users will receive protection for their initial trade: if the starting position closes at a loss, the exchange will compensate losses up to $10 USDT.

Growth of Prediction Markets

Prediction markets allow traders to take positions on the outcomes of real events at market prices, which are updated in real-time as new information comes in.

This segment is experiencing rapid growth. Since the beginning of 2026, the turnover of sector leaders—Kalshi and Polymarket—has already surpassed $60 billion. Bernstein analysts expect this figure to rise to $240 billion by December and to $1 trillion by 2030.

Sports currently dominate the sector, accounting for 61% of all bets. However, Bernstein associates the long-term potential of the sector with contracts on crypto assets, macroeconomic indicators, and policy.

As of April 21, Kalshi holds 45.1% of the market, while Polymarket has 38.7%.

Source: Dune.

On February 2, American exchange Coinbase launched a prediction platform in partnership with Kalshi. In March, Kalshi raised $1 billion at a valuation of $22 billion—double that of its December round.

“The launch of prediction markets in partnership with Polymarket is an important step towards our goal of becoming a unified platform for financial execution. Users can take positions on global events in an institutional environment. This opens up new opportunities to express views on future outcomes beyond traditional trading,” commented Phemex CEO Federico Variola.

Previously, ForkLog published a review of Phemex, analyzing its fees, security, and trading tools.