🔲 According to analysts at Castle Capital, the cryptocurrency prediction market is experiencing rapid growth. Among the most popular platforms are Polymarket and Azuro.
🔲 Polymarket is a DeFi platform for cryptocurrency predictions that uses an order portfolio model and primarily focuses on major political events. On the other hand, Polymarket’s competitor, the decentralized platform Azuro, operates on a peer-to-pool principle, which allows participants to provide liquidity to pools for multiple markets. Most bets on Azuro are placed on sports events.
🔲 The total amount of funds locked in the sector (TVL) has reached $162 million. According to Castle Capital analysts, the cryptocurrency prediction market has significant potential for further development. However, widespread adoption of such platforms may be hindered by liquidity issues and uncertainty in the regulation of digital assets.