Prediction markets have opened up a completely new dimension for expressing your views, and profiting from them.
I just placed one myself on
@MyriadMarkets 😅 so let’s walk through how they work with a live example.
Suppose you are very bullish on ETH going into the end of the week. Traditionally, your options to monetize that conviction were limited:
1️⃣ Buy ETH spot – Safe, but capped upside.
2️⃣ Long ETH with perps – Potentially high reward, but you carry liquidation risk.
3️⃣ Buy Ethereum DATs – A higher beta play, but still somewhat limited upside in a short time frame.
Even in the best case, 1️⃣ and 3️⃣ might net you ~10% over a few days. 2️⃣ could yield much more, but at the cost of constant stress about liquidations.
👉 That’s where prediction markets change the game.
Instead of buying or leveraging ETH directly, you can simply stake your conviction on the outcome of an event.
For example, on Myriad, there’s currently a market on whether SBET will trade above $19 by September 2nd.
✔️ If you’re bullish, you buy “Yes.”
✔️ If you’re bearish, you buy “No.”
Right now, “Yes” trades at 64.5%, meaning the market collectively thinks there’s a ~65% chance SBET ends above $19.
If you buy “Yes” today and SBET does finish above $19 on Sept 2nd, your position settles at 100%. That’s about a 50% return, with no liquidation risk along the way.
Of course, the trade-off is simple: if you are wrong, your stake goes to zero. So prediction markets are binary by design, you either win big or lose your position.
But that binary nature is exactly why they’re powerful:
✅ They allow you to directly express your view on an event, without dealing with complex instruments.
✅ They give you clear, defined payoffs without margin calls.
✅ And they often provide higher risk/reward efficiency than spot or derivatives.
⚡ Pro tip: Start with small amounts to learn how pricing works, how probabilities shift, and how liquidity flows in. Once you get comfortable, you can scale your predictions in line with your risk appetite.
Easiest way to try it? Sign up to
@MyriadMarkets and place your first prediction.
Link 👇