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Phemex Launches Prediction Market Powered by Polymarket

Phemex, a leading global cryptocurrency exchange trusted by over ten million traders, has officially launched its new Prediction Market, powered by Polymarket, a forefront decentralized prediction market platform. This innovative product allows users to trade based on real-world event outcomes, marking Phemex's step beyond traditional price-based markets.

With the new Prediction Market, Phemex users can take positions on a variety of events, including cryptocurrency milestones, sports tournaments, and significant global happenings. Accessing the markets is straightforward through existing Phemex accounts using USDT, without the need for external wallets or separate on-chain interactions. This simplicity represents a significant shift towards making prediction trading accessible to a wider audience.

The launch coincides with an exciting new initiative: the Prediction Championship, a four-week participatory event running from April 23 to May 20, 2026. During this period, eligible users will be ranked based on their predictive performance, with rewards distributed weekly, and the final ranking announced at the end of the competition. Federico Variola, CEO of Phemex, remarked, “Prediction markets represent a vital evolution in market structure. They transform information and collective expectations into tradeable signals. In a world deeply influenced by rapidly changing narratives, users are seeking direct means to express their viewpoints on outcomes beyond mere asset prices.” He added that integrating this category into Phemex is part of a larger strategy to build a more comprehensive trading ecosystem that reflects the realities of today’s markets.

This launch follows Phemex's recent expansions into new product categories, including TradFi futures and AI-driven trading tools, underlining the platform’s goal of becoming a multifaceted market hub. Looking ahead, Phemex plans to broaden the coverage of its prediction markets, enhance product functionality, and improve trading options across categories as user demand for event-driven markets continues to grow globally.

About Phemex

Founded in 2019, Phemex is a user-centric crypto platform prioritizing user interests and trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and asset management products designed to enhance user experience, transparency, and innovation. Through its forward-thinking approach and commitment to empowering users, Phemex provides reliable tools, inclusive access, and opportunities for traders at all levels to evolve and succeed.

For more information, visit Phemex's official website.