Beyond the Usual Suspects: 10 New Prediction Market Platforms to Watch

The world of prediction markets has expanded far beyond the usual suspects, and several new platforms have emerged in recent years. According to Coinpedia, a guide to 10 lesser-known platforms has been compiled, focusing on their unique features and who they suit best.

Outpoll is one such platform that stands out for its native take-profit and stop-loss set directly on event contracts, alongside limit and market orders. The platform runs on its own chain, which is internal rather than public today. It also offers a documented REST and WebSocket API, covering price monitoring and order automation.

Og, launched by Crypto.com, trades through a CFTC-designated contract market and clearing organisation. Its most distinctive piece is parlay functionality, allowing traders to combine several positions into a single ticket. Novig, on the other hand, is a peer-to-peer sports prediction market with no house edge.

ProphetX is another platform that holds both CFTC registrations as a designated contract market and derivatives clearing organisation. Its signature feature is a proprietary request-for-quote parlay mechanism, allowing users to construct and price several events at once through direct counterparty interaction.