Phemex has launched prediction markets in collaboration with Polymarket, allowing users to trade on real-world event outcomes directly within the platform.
Phemex, a cryptocurrency exchange, unveiled its new prediction markets on April 23, leveraging the infrastructure of Polymarket, a prominent player in the field. This feature enables users to trade on various real-world event outcomes, spanning macroeconomics, geopolitics, sports, technology, and culture, all through their existing exchange accounts.
The integration requires no additional wallets, allowing transactions to occur using standard USDT and USDC accounts, catering to the preferences of active traders.
“Utilizing Polymarket's liquidity will provide deep markets and consistent access to fresh events,” stated Phemex.
Launching Trader Incentives
To celebrate the launch, Phemex initiated a four-week promotional campaign that includes a prize pool, bonuses, and a trade refund offering for first-time users. Traders will participate in weekly leaderboards that track their profit and loss (PnL) and return on investment (ROI), resetting every week to encourage ongoing competition.
The first 500 users will benefit from a safety net on their debut trade, with Phemex covering losses up to $10 USDT if their initial position closes negatively.
Expanding Prediction Market Trends
Prediction markets are rapidly gaining traction, enabling traders to place bets on real-world events with prices that fluctuate based on incoming information. Since the start of 2026, leading platforms like Kalshi and Polymarket have recorded over $60 billion in trading volume. Analysts from Bernstein predict this could escalate to $240 billion by year's end and potentially reach $1 trillion by 2030.
Currently, sports betting dominates this sector, constituting 61% of all transactions, while long-term potential is anticipated to derive from contracts related to crypto assets, macroeconomic indicators, and policy decisions. As of April 21, Kalshi commands 45.1% of the market, while Polymarket holds 38.7%.
In a related move, Coinbase launched a prediction platform with Kalshi on February 2, after Kalshi secured $1 billion in funding at a valuation of $22 billion in March, doubling its value from the previous December.
“The introduction of prediction markets is pivotal for us, as it aids our vision of establishing a holistic financial execution platform,” said Phemex CEO Federico Variola.
