Posted on: February 4, 2026, 09:49h.
Last updated on: February 4, 2026, 09:49h.
- Company raised $20 million in a pre-Series A round
- The platform isn’t available in the US…
- …But it’s one of the largest prediction markets in the world
Opinion Labs, the company behind the Opinion.Trade prediction, raised $20 million from several investors in a pre-Series A round.
Decasonic, Hack VC, Jump Crypto, and Primitive Ventures, among others, participated in the financing round, adding to Wednesday’s prediction markets capital raising news. Like rival Polymarket, Opinion settles event contracts on-chain. In this case, the blockchain in question is the BNB Chain. That’s a different methodology than the centralized settlement approach employed by Kalshi.
An estimated valuation on Opinion wasn’t revealed, but it is clear that venture investors remain enthusiastic about backing prediction market operators. Opinion may be appealing to some of those financiers because it hasn’t reached Series A funding, meaning investors don’t have to drop hundreds of millions or billions of dollars to get a piece of the action as they would with Kalshi and Polymarket.
As of last November, both of those companies were valued at least $10 billion. News of Kalshi’s valuation ascending to $11 billion arrives amid speculation that rival Polymarket is in talks on another financing round that could push its multiple to at least $12 billion, though there is some talk investors could value Polymarket as high as $15 billion.
Opinion Is Big, Too
Opinion is perhaps the biggest prediction market firm most Americans haven’t heard of and that makes sense because the platform isn’t available in this country. It’s also prohibited in China.
Said another way, the company’s success is commendable when considering its product is off limits to traders in the world’s two largest economies. Indeed, Opinion has found success in the global prediction markets space. Recent data indicate the company is commanding more than half of global even contract fees and a third of volume, putting in the category of a viable rival to Kalshi and Polymarket.
Those data points could encourage more professional investors to evaluate Opinion even as cryptocurrency prices tumble. This is Opinion’s second capital raise as it previously raised $5 million from YZi Labs, Animoca Ventures and others.
Over the past week, Opinion’s volume was third behind only Kalshi and Polymarket. Dune Analytics data indicate the company has north of 185,000 customers.
Opinion Separates Itself from Rivals
While it offers a decent amount of sports event contracts, Opinion distinguishes itself from rivals like Kalshi and Robinhood by not focusing on single-game derivatives. Nor does it entice bettors with parlays.
Rather, the company leans more into event contracts based on cryptocurrency prices, macroeconomic news, politics, pop culture and even token-generating events (TGEs), among other categories. In fact, only a small number of the newest contracts available on Opinion are related to sports.
Speaking of TGEs, Polymarket traders are pricing in high likelihood Opinion will launch a native token under the ticker “OPN” perhaps as soon as this month and it appears that event is foregone conclusion to occur before the end of March.
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