Opinion, a blockchain-based prediction market platform, has announced that it has raised $20 million in a pre-Series A round, highlighting how parts of the crypto economy can still raise significant amounts of money even when the overall market is down.
The round included support from Hack VC, Jump Crypto, Primitive Ventures, Decasonic and others, according to an emailed announcement Wednesday.
Opinion operates more like Polymarket, where markets are settled on-chain, than a centralized exchange like Kalshi. “Our payments occur entirely on-chain,” the Opinion team told CoinDesk via email.
Dune Analytics said it handles about a third of the global prediction market trading volume and has more than $130 million in open interest. Binance Research estimates total trading volume in December at around $7 billion, noting that demand is increasing amid heightened regulatory and political uncertainty.
The company’s rise coincides with broader structural growth in the prediction markets industry. U.S. bank Citizens noted that the once-niche prediction market has evolved into a new asset class, with monthly trading volume reaching around $10 billion as the platform expands beyond sports and into macroeconomic and policy outcomes.
This funding suggests that blockchain-native infrastructure for real-world needs, such as event trading, continues to attract investor capital even during the downturn in the cryptocurrency cycle.
The gist of the opinion is diversification. While its competitors derive most of their activity from sports and politics, Opinion expands its trading into macro, pre-token events, culture and cryptocurrencies, covering everything from CPI statistics to geopolitical outcomes.
Founder and CEO Forrest Liu said the funding will be used to deepen the company’s regional presence and expand globally ahead of the 2026 World Cup and elections.
