Want to build prediction markets like Myriad? Maticz delivers complete solutions to launch your own prediction platform, turning collective insights into powerful forecasts
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The future is full of questions. Who will win the next election? Which technology will take off first? How will markets shift? Instead of just wondering, prediction markets let us explore answers together.
Think of them as a marketplace for ideas—where people don’t trade goods, but their beliefs about what will happen. As more people join in, the market gets smarter, turning collective voices into surprisingly accurate forecasts.
With a prediction platform like Myriad, this power is in your hands. It’s a way to learn, to predict, and to see the world through the intelligence of a community.
In this blog, we delve into the prediction markets like myriad, how this platform works, Why “Today” is the best time to launch a prediction platform like Myriad? Let’s jump right into the topic.,
Myriad Markets is engineered as a decentralized prediction market platform that allows users to trade on the outcomes of real-world future events directly from social media, news platforms, and more. They are often described using a variety of names, including betting markets, information markets, and event derivatives.
Myriad is built on the Arbitrum blockchain. The selection of Arbitrum is a strategic technological decision that directly addresses the persistent challenges of scalability and high transaction fees that have historically hampered decentralized applications (dApps) on the Ethereum mainnet. By leveraging Arbitrum, Myriad is positioned to offer a highly scalable and low-cost environment, which is considered as a crucial element for fostering the high-frequency, small-bet interactions that define a viral and casual prediction platform experience.
Myriad markets support the various prediction topics, including entertainment, politics, economics, and crypto trends. By participating in the prediction event, the user can earn rewards.
The foundational theory behind these markets is that a collective of individuals with a financial stake in an outcome can collectively predict it with greater accuracy than any single expert. This concept is mainly rooted in the "wisdom of the crowd," where the decentralized, whole lot of independent decisions of huge participants converge to form a more precise forecast.
Myriad's platform's core mechanics are orchestrated by a combination of smart contracts and blended oracles, and a framework for ERC-PRED, which is the new asset class designed for prediction markets.
Smart contracts are self-executing contracts with the terms of the agreement directly written into code, which ensures all wagers are executed automatically & transparently without the need for a central intermediary.
Blended Oracles are essential data feeds that connect the real-world outcome of an event (e.g., an election result) to the on-chain smart contract, which enables a trustless & automated settlement of markets.
This architecture, combined with the use of crypto collateral like USDC, allows for true peer-to-peer markets with high-resolution odds and a fully on-chain settlement process, which stands in stark contrast to centralized alternatives.
This mechanism operates through a financial instrument known as an "event contract" or "binary option". These contracts have a nominal value, typically $1, and traders buy "yes" or "no" positions on a binary outcome. The price of a contract reflects the market's collective belief in the probability of that event occurring.
For example, a "yes" contract trading at $0.70 implies a 70% market-assigned probability of the event happening, and a "No" contract trades at $0.30, which means the market feels less likely that it will not going to happen.
Myriad Markets stands out by integrating prediction markets directly into the web content where relevant conversations are already happening, rather than existing as a separate decentralized application. This unique approach transforms passive content consumption into an active & engaging experience, which allows users to make predictions directly within news articles or social feeds.
For ex., a market asking "Will Bitcoin hit $150,000 by year-end?" could be embedded directly within a crypto news article, or a market on a geopolitical event could appear next to a geopolitical analysis. This composable user experience turns browsing into an engaging and rewarding activity, eliminating the traditional lines between social media, financial markets, & news consumption.
The ability of a decentralized platform to achieve mainstream adoption is directly tied to its capacity to deliver a frictionless user experience, and the Myriad platform serves as a prime case study. The rapid growth to 415,000 users in just 30 days is a testament to its focus on a frictionless, Web2-like user experience.
By implementing thirdweb’s Account Abstraction SDK, Myriad eliminated the heavy wallet interactions that often hinder Web3 adoption, such as frequent pop-ups and complex transactions.
This streamlined process was a key factor in attracting a large user base, proving that a superior user experience & the removal of technical barriers are critical for achieving significant growth in the decentralized application space.
The rapid growth of prediction markets has placed them in a complex global regulatory environment. The primary challenge is whether to classify these platforms as legitimate financial derivatives markets or as illegal gambling operations. The approach to this question still varies significantly by jurisdiction.
In the United States, the legal framework for prediction markets is primarily overseen by the Commodity Futures Trading Commission (CFTC), which views these platforms as a form of derivatives trading.
But the notable court case involving Kalshi, the CFTC voluntarily dismissed its appeal in the Kalshi case, which upheld a federal court ruling that permitted the trading of certain election contracts. This was a major step toward legal clarity in the US.
And another significant development was the CFTC’s approval of PrizePicks. This designation grants the company the authority to accept customer orders to buy/sell futures contracts through CFTC-regulated partners like Kalshi, effectively positioning it to legally operate in the prediction market industry under federal oversight.
This move indicates a growing acceptance of these markets by federal regulators, providing a legal framework for new entrants. However, the path is not entirely clear. State gambling regulators continue to assert jurisdiction, arguing that these platforms are simply "bets," or "wagers," & have issued cease-and-desist letters in multiple states.
This fragmentation between federal & state-level oversight means that a "go-to-market" strategy for the U.S. must be a "go-to-compliance" strategy first, so businesses need to carefully navigate this multi-layered regulatory environment.
In contrast to the U.S., the European Union doesn't have any unified regulatory framework for prediction markets, which has led to a fragmented & often restrictive environment. The EU's Digital Markets Act(DMA) primarily focuses on regulating large "gatekeeper" platforms to ensure fair competition. However, there is no specific, continent-wide legislation governing prediction markets as a financial or gambling product. This regulatory vacuum has allowed individual national authorities to take a proactive & often prohibitive stance.
The Indian market remains a legal grey zone, with no official rulebook or dedicated regulator. India presents a unique and high-growth, yet legally ambiguous, market for prediction platforms. The legality of these platforms hinges on whether they are classified as a "game of skill" or a "game of chance".
Securities and Exchange Board of India (SEBI) Press Release on Opinion Trading Platforms
The most successful and sustainable platforms will be those that prioritize robust contract design, transparent rule enforcement, and strong anti-manipulation safeguards.
The current moment represents a unique and strategic opportunity for the launch of new prediction market platforms. This is due to a confluence of three major factors:
- Technological readiness
- Demonstrated market demand
- Emerging regulatory pathway
Technological barriers for mass adoption have been overcome with the rise of high-throughput, low-cost Layer-2 solutions like Arbitrum & Solana, which have solved the scalability limitation that plagued earlier platforms. These technological advancements enable fast, low-cost transactions that are important to drive user engagement.
On the demand side, the market has proven its appetite for these platforms. The multi-billion-dollar trading volumes on platforms like Kalshi and Polymarket are irrefutable evidence of a strong product-market fit. This is not a speculative or niche trend, it is a multi-billion-dollar industry with proven user engagement and institutional interest.
The legal landscape is slowly but surely maturing. While the regulatory environment remains complex, the recent legal victories & the notable establishment of new regulatory pathways in the US provide a clear & more viable roadmap for companies.
The simultaneous alignment of these three factors, technology, demand, and regulation, creates a unique window of opportunity for new entrants to build a platform that can capture a significant share of this rapidly growing market.
Building a successful prediction platform requires a deep and specialized understanding of Web3 technology, a field where Maticz possesses demonstrable expertise. Our core components of a decentralized prediction platform include the underlying blockchain protocol, smart contracts for market logic and settlement, and a robust user-facing dApp.
Maticz is a premier blockchain development company with proven experience in building custom, decentralized applications. Our experts offer a wide range of services, this expertise extends to every stage of the platform development process, as well as the critical areas of security, liquidity, and focus on delivering bug-free solutions.
Maticz existing experience in these areas, from liquidity pools to on-chain settlement mechanisms, tokenomics, and mitigating future compliance risks, we position ourselves as a capable partner for the complex task of developing a robust and scalable prediction platform.
The prediction market industry is no longer a niche concept but a growing sector at the intersection of crowdsourced intelligence, decentralized finance, & the digital economy. Platforms like Myriad Markets are leading this evolution, demonstrating how a focus on technological innovation, specifically through a frictionless user experience powered by Layer-2 solutions, can drive explosive user growth.
This prediction market has moved beyond a simple entertainment model to prove its utility as a powerful tool for information aggregation, with trading volumes in the billions of dollars underscoring its immense potential and strong product-market fit.
However, the path forward is not without challenges. The global regulatory landscape remains unclear, with key jurisdictions like the U.S., EU, & India being unclear with the legal classification of these platforms. In the meantime, the U.S. is slowly framing regulations for prediction markets.
The window of opportunity is open, but success requires more than just an idea, it demands a technically robust, scalable, & secure platform that can navigate legal complexities and deliver a superior user experience. That's why partnering with Maticz will give the strategic advantage in prediction market development. We have transformed more than 200+ visionary ideas into a viable and successful product.
- According to Business Insider, the platform has also surpassed $10 million in USDC trading volume and has onboarded more than 511,000 users since its launch.
- A report from The Block noted that Kalshi's trading volume in September surpassed its competitor, reaching $1.3 billion compared to Polymarket's $773 million.
- The sheer scale of this activity is staggering, with both platforms collectively executing over $12 billion in trades in 2025 alone. Confirmed by Myriad markets itself.
- According to the thirdweb case study, Myriad Markets' own growth metrics underscore this trend, with the platform recording 415,000 new user registrations, 1.2 million total predictions, and 207,000 weekly active users in a single month.
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