Phemex Taps Polymarket to Unveil Prediction Market Offering Weekly Rewards

Phemex, a well-known crypto trading entity, has partnered with Polymarket, a decentralized prediction market entity. The partnership aims to bridge real-world event prediction with crypto trading. As per Phemex’s official press release, the launch of Phemex Prediction Market offers an exclusive method for the trading of outcomes where narratives denote positions and probabilities control price. Hence, from market-moving developments to macroeconomic events, anticipation has now become tradable on Phemex.

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Phemex and Polymarket Join Forces to Introduce Prediction Market Trading

The partnership between Phemex and Polymarket introduces the Phemex Prediction Market. It lets users take part in the rapidly growing prediction market trading. At the same time, the platform is also commencing “The Prediction Championship” campaign. The project invites traders across the globe to contest for rewards on a weekly basis. The campaign will run between April 23 and May 20, with weekly rounds to reward efficiency and profitability.

For this purpose, the participants just need to register through the event page to compete for specific rankings under ROI Ranking and PnL Ranking. For qualification, traders need to fulfill a minimum of 10 prediction trades as well as reach at least 500 $USDT when it comes to total trading volume for every round. Additionally, Phemex is providing First Trade Loss Protection between April 23 and April 29.

Early Traders Get Opportunities for 10 $USDT Rebates

The early 500 consumers achieving 100 $USDT in total volume after placing their 1st prediction trade will be eligible for rebates of almost 10 $USDT following verification. According to Phemex, to guarantee fairness, the platform requires the participants to fulfill KYC verification. Ultimately, the partnership between Phemex and Polymarket provides a competitive, transparent, and scalable environment for prediction market trading.