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Phemex has launched a Prediction Market feature, allowing users to place short-duration YES/NO trades on real-world events—including crypto price moves—from their existing accounts, with events ranging from 5 minutes to 4 hours in duration. The launch integrates Polymarket’s event-driven infrastructure and coincides with a platform-wide campaign offering weekly competition rewards.
Phemex has introduced its Prediction Market feature, enabling users to place YES/NO trades on a broad range of real-world events—including cryptocurrency price changes, financial outcomes, sports, geopolitics, and more—using USDT directly through their existing exchange accounts. The product leverages Polymarket’s infrastructure and allows high-frequency event trading with durations from 5 minutes to 4 hours, offering crowd-implied, real-time pricing and fully defined risk per position, as no leverage is used.
The launch is accompanied by a platform-wide event, "The Prediction Championship," running from April 23 to May 20, 2026, in which users can compete for weekly rewards based on trading activity and performance. Phemex’s implementation aims to lower barriers to participation compared to on-chain alternatives, offering a frictionless interface without the need for external wallets or cryptocurrency conversion.
To join the Phemex Prediction Championship, log in to your Phemex account and register for the event via the designated campaign page. Meet the eligibility criteria by completing at least 10 Prediction Market trades and reaching a cumulative trading volume of 500 USDT per round. Weekly rankings are based on profit and ROI, with top participants earning trading bonuses. Registration and full participation details are available on the official sign-up link.
Phemex is a cryptocurrency exchange that supports both spot and contract trading on a wide range of digital assets, including Bitcoin, Ethereum, and USDT, with the US dollar as the only fiat currency available. The platform offers low trading fees, up to 100x leverage for contract trading, a demo account, educational materials that include opportunities to earn crypto, and investment solutions with variable yields. For more details about its features, account types, and other services, visit the broker profile on Traders Union.
For more background, our earlier news about Phemex covered their giveaway contest requiring participants to identify an RWA token for a chance to win a $100 USDT bonus; details can be found in the previous Phemex update on Traders Union.