Opinion raises $20 million as prediction markets draw capital in a weak crypto market

Blockchain-based prediction-market platform Opinion announced it raised $20 million in a pre-Series A funding round, demonstrating that specific crypto sectors can still attract significant capital despite broader market downturns. Backers included Hack VC, Jump Crypto, Primitive Ventures, and Decasonic. Opinion operates on-chain settlement, similar to Polymarket, and claims to handle about one-third of global prediction-market volume, with over $130 million in open interest. This growth aligns with the broader trend of prediction markets evolving into a new asset class, with monthly trading volumes reaching around $10 billion as platforms diversify beyond sports into macroeconomic and policy events. Opinion's strategy emphasizes diversification across macro, pre-token generation events, culture, and crypto. CEO Forrest Liu stated the funds will be used to deepen regional presence and expand globally before the 2026 World Cup and elections.

(Source：CoinDesk)