On April 23, the cryptocurrency exchange Phemex launched prediction markets using Polymarket’s infrastructure—one of the largest platforms in the sector. Users can trade outcomes of real-world events in macroeconomics, geopolitics, technology, sports, and culture directly from their exchange account, according to a press release.
The integration is executed within the standard exchange environment: no separate wallet is needed, and transactions are conducted through a regular account in USDT and USDC. The format is familiar to existing traders.
“We rely on Polymarket’s liquidity: this ensures deep markets, tight spreads, and a constant flow of new events without isolated pools,” stated Phemex.
Campaign for Traders
Simultaneously with the launch, Phemex is conducting a four-week campaign with a prize pool, bonuses, and a rebate for the first trade. Traders will compete in weekly leaderboards based on PnL and ROI—rankings reset each week.
The first 500 users will receive protection for their initial trade: if the starting position closes at a loss, the exchange will cover losses up to $10 USDT.
Growth of Prediction Markets
Prediction markets allow traders to take positions on the outcomes of real-world events at market prices, which update in real-time as new information becomes available.
The segment is experiencing rapid growth. Since the beginning of 2026, the turnover of sector leaders—Kalshi and Polymarket—has already surpassed $60 billion. Analysts at Bernstein anticipate that by December, this figure could rise to $240 billion, and by 2030—to $1 trillion.
Sports remain the dominant area, accounting for 61% of all bets. Bernstein sees the long-term potential of the sector in contracts on 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, the American exchange Coinbase launched a prediction platform in partnership with Kalshi. In March, the latter raised $1 billion at a valuation of $22 billion—twice the December round.
“Launching prediction markets in partnership with Polymarket is a significant step towards our goal of becoming a unified platform for financial execution. Users can take positions on global events in an institutional environment. This opens up new opportunities to express views on future outcomes beyond traditional trading,” commented Phemex CEO Federico Variola.
Previously, ForkLog published an overview of Phemex, examining the platform’s fees, security, and trading tools.