Opinion, the BSC‑based prediction market, secures $20 million pre‑Series A
February 4 2025 – The platform, which posted record‑breaking revenue and trading volumes in January, announced a $20 million raise that positions it among the leading on‑chain betting services.
Funding round
Opinion, the decentralized prediction‑marketplace launched by entrepreneur Forrest Liu in October 2025, closed a $20 million pre‑Series A financing round. The round was led by Hack VC, Jump Crypto and Primitive Ventures, with participation from a number of other crypto‑focused investors. The capital injection arrives roughly three months after the platform’s mainnet launch on the BNB Smart Chain (BSC).
The company had previously raised a $5 million seed round, spearheaded by YZi Labs – an investment vehicle affiliated with Binance – and supported by Animoca Ventures among others. The new funds are earmarked for deepening Opinion’s footprint in the Asia‑Pacific region and scaling globally ahead of the 2025 elections and the 2026 FIFA World Cup.
Market performance
Since its debut on BSC, Opinion quickly rose to become the third‑largest prediction market by trading volume across daily, weekly and monthly metrics. In the most recent week the protocol recorded more than $653 million in trades, trailing only Polymarket ($967 million) and Kalshi ($902 million). Over the past seven days the platform accounted for roughly 20 percent of total global prediction‑market activity, which DefiLlama estimates at $3.24 billion.
Opinion’s total value locked (TVL) sits at about $120 million, placing it second only to Polymarket’s $330 million. On BSC alone, the platform has amassed close to $20 billion in cumulative volume and attracted over 185 000 users, according to Dune Analytics.
Revenue figures underline the platform’s momentum. DefiLlama data shows an annualised revenue run‑rate of $66 million, with January alone delivering a record $6.14 million – the highest 30‑day revenue in the sector at present.
Strategic implications
- BSC credibility: Opinion’s rapid ascent reinforces the BNB Smart Chain as a viable hub for high‑throughput DeFi applications, countering narratives that layer‑2 solutions on Ethereum dominate the space.
- Competitive pressure: By securing a sizable share of global volume and TVL, Opinion now pressures incumbents such as Polymarket and Kalshi to accelerate product upgrades and incentive schemes.
- Event‑driven growth: The timing of the raise aligns with upcoming political cycles and major sporting events, both of which traditionally drive spikes in prediction‑market participation.
- Regional focus: The announced push into APAC reflects the region’s appetite for blockchain‑based financial products and could unlock new liquidity pools, particularly in markets where traditional betting is heavily regulated.
Key takeaways
- $20 million pre‑Series A funding led by Hack VC, Jump Crypto, and Primitive Ventures.
- Rapid growth: 3rd place by volume worldwide, 2nd by TVL, and dominant on BSC with >$19 billion cumulative volume.
- Revenue surge: $6.14 million recorded in January, translating to a $66 million annualised run‑rate.
- User base: Over 185 k active participants, indicating strong network effects.
- Future focus: Expansion in APAC and preparation for high‑profile events (2025 elections, 2026 World Cup) to sustain growth.
Opinion’s latest financing round not only validates investor confidence in its business model but also signals a broader shift toward BSC‑centric DeFi services competing on a global stage. The coming months will reveal whether the platform can convert its current momentum into sustained market leadership.
Source: https://thedefiant.io/news/defi/top-bnb-chain-prediction-market-opinion-raises-usd20-million
