HTX Research Releases New Report on Prediction Markets: From Structural Constraints to the Future of Attention-Based Financial Infrastructure

HTX Research released a report analyzing prediction markets, noting their rapid growth (reaching $27.9 billion in volume in the first ten months of 2025) but persistent structural fragility, such as incentive-dependent liquidity and limited expressiveness.

The report contrasts prediction markets, which allow informed users to convert domain knowledge into measurable returns, with Memecoins, which rely primarily on social momentum and hype cycles. Structural innovations like just-in-time liquidity and combinatorial markets are signaling a next phase of development aimed at overcoming current limitations.

Crucially, HTX Research posits that prediction markets could become the core pricing infrastructure for the emerging third asset class, attention assets (like BAT and KAITO). By generating time-based prices and liquidity signals, these markets can create an attention index that measures cultural relevance, potentially supporting instruments like Attention Perpetuals.

(Source：BeInCrypto)