[Disclaimer: Myriad Markets is a product of DASTAN parent company.
Myriad Markets: Spotting Trends Across Markets
Myriad Markets, the prediction platform backed by Decrypt parent company DASTAN, engages users in forecasting outcomes across diverse fields such as politics, pop culture, cryptocurrency and sports. Recently expanding its operations to Ethereum’s Layer-2 network Linea, the platform facilitates USDC and points betting across blockchains.
In Brief
- Myriad users predict events in real-time across various topics.
- This week’s Top Markets: Bitcoin price above $100K mid-month, PENGU ETF approval timeline, Djokovic vs. Sinner at Wimbledon.
Will a PENGU ETF be Approved by October?
Market Period: July 4 – September 30
Volume: $39.4K
Myriad users bet on whether the altcoin-focused Canary PENGU ETF, tracking Solana and Pudgy Penguins NFTs, will receive SEC approval by October.
Currently offering ~67% odds against approval, the market reflects cautious sentiment. Approval is perceived as “near locks” generally, but timing is the question.
The SEC acknowledged the filing, which has slightly boosted the “no” odds (~10% point increase nearby). Following the filing, PENGU’s crypto price surged >30%, though it remains significantly down year-to-date.
Bitcoin above $100K throughout July?
Market Period: July 4 – July 31
Volume: $14.6K
Bitcoin recently breached $113K, prompting a week-long prediction market to assess if it stays >$100K for the entire month of July.
Odds (81% for YES) suggest confidence in maintaining the level. The market saw an 11% point swing in 24 hours and an 18% jump in seven days. Institutional interest and ETF milestones continue to bolster support for Bitcoin.
Djokovic v. Sinner: Who will reach the Wimbledon Final?
Market Open: July 10
Market Close: July 11
Volume: $1.27K
Heading into Wimbledon’s semi-finals, Myriad users predict the winner between top players Novak Djokovic and Jannik Sinner.
Sinner holds slight odds (66%) edge. Factors include potential Djokovic injury concerns (missed practice) and some Sinner arm issues (recent MRI), though the 2024 surface favors the Serbian. Wagering closes on July 11, before their Friday match.
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