Phemex Prediction Market Expands With Daily Crypto Forecasts
Crypto Phemex Prediction Market Expands With Daily Crypto Forecasts Phemex, a user-first global cryptocurrency exchange trusted by over 10 million traders, announced the expansion of itsPrediction Market with the launch of daily crypto forecasting events. The new events allow users to trade on short-term crypto price outcomes directly through the Phemex platform. The daily events focus on predicting crypto price trends, including whether major digital assets such as Bitcoin, Ethereum, Solana and other cryptocurrencies will move up or down over a defined daily period, as well as whether selected assets will reach specific price levels. Unlike futures trading, prediction markets offer a lower barrier to entry, no margin requirements and no forced liquidations, and no liquidation risk. By abstracting away complex mechanics such as leverage, margin, and forced liquidation, Phemex is making event-driven trading more accessible to a broader user base, including users who may not yet be familiar with traditional contract-based products. The expansion follows the official launch of the Phemex Prediction Market, powered by Polymarket, and the ongoing Prediction Championship, a four-week forecasting competition running until May 20, 2026. The championship ranks eligible users based on forecasting performance, with rewards distributed weekly and final standings recognized at the conclusion of the competition. Phemex