Phemex Launched Prediction Markets in Partnership with Polymarket

On April 23, crypto exchange Phemex launched prediction markets built on Polymarket infrastructure — one of the largest platforms in the segment. Users can trade outcomes of real-world events spanning macroeconomics, geopolitics, technology, sports, and culture directly from their exchange account, according to a press release.

The integration sits inside the standard exchange environment: no separate wallet is required, and trades execute through a regular account in USDT and USDC. The format feels native to existing exchange users.

“We lean on Polymarket’s established liquidity: this gives traders deeper markets, tighter spreads, and a steady flow of new events without fragmented pools,” Phemex stated.

Campaign for Traders

Alongside the launch, Phemex is running a four-week campaign with a prize pool, bonuses and first-trade rebate. Traders will compete in weekly leaderboards ranked by PnL and ROI, with rankings resetting each week.

The first 500 users will receive opening trade protection: if the initial position closes at a loss, the exchange will compensate up to $10 USDT.

The Rise of Prediction Markets

Prediction markets let traders take positions on real-world event outcomes at market-determined prices, which update continuously as new information emerges.

The segment is growing rapidly. Since the beginning of 2026, trading volumes across sector leaders Kalshi and Polymarket have already surpassed $60 billion. Bernstein analysts expect the figure to reach $240 billion by December, and $1 trillion by 2030.

Sports remains the dominant category, accounting for 61% of all bets. Bernstein sees the sector’s long-term potential in contracts tied to crypto assets, macroeconomic indicators, and politics.

As of April 21, Kalshi holds 45.1% of the market, while Polymarket accounts for 38.7%.

On February 2, US-based exchange Coinbase launched a prediction platform in partnership with Kalshi. In March, Kalshi raised $1 billion at a $22 billion valuation — double its December round.

“The integration of Prediction Markets, built in partnership with Polymarket, marks a meaningful step toward our goal of becoming a unified financial execution platform. By enabling users to take positions on global events within an institutional-grade environment, Phemex is extending the scope of the platform beyond traditional trading and opening up new ways to express views on future outcomes.” commented Phemex CEO Federico Variola.

Earlier, ForkLog published a Phemex review covering the platform’s fees, security, and trading tools.