Blockchain-based prediction market platform Opinion Labs (referred to as "Opinion" in some sources) has successfully raised $20 million in a Series A funding round, signaling continued investor confidence in specific crypto infrastructure sectors despite broader market weakness. The round, which some sources refer to as a pre-Series A, attracted backing from prominent venture capital firms including Hack VC, Jump Crypto, Primitive Ventures, and Decasonic.
The company operates a fully on-chain prediction market, distinguishing itself from centralized exchanges like Kalshi. "Our settlement works entirely onchain," the Opinion team stated. This technological approach provides enhanced transparency, immutability, and reduced counterparty risk, with the platform claiming to handle about one-third of all global prediction-market volume and carrying over $130 million in open interest.
The funding underscores a structural growth trend in the prediction market industry, which is evolving into a recognized asset class. Analysis from U.S. bank Citizens notes monthly trading volumes around $10 billion as platforms expand beyond sports into macroeconomic and policy outcomes. Binance Research estimated total December trading volume at approximately $7 billion, pointing to rising demand amid regulatory and political uncertainty.
Opinion Labs differentiates itself through diversification. While competitors focus heavily on sports and politics, Opinion spreads trading across macroeconomics, pre-token generation events, culture, and crypto, covering events from CPI prints to geopolitical outcomes.
Founder and CEO Forrest Liu stated the capital will be used to deepen the company's regional presence and fuel global expansion ahead of major 2026 events like the World Cup and various elections. The company plans to allocate roughly 35% of the new capital toward regulatory compliance and licensing across target regions, expand its engineering team by 50%, and pursue integration partnerships with major blockchain ecosystems.
