Every 5 Minutes a New Round, Polymarket Is Stealing Trading Platform Futures Business

【Plain Language Guide】Polymarket's 5-minute Bitcoin price prediction market went live less than a month ago with explosive popularity, with daily trading volume exceeding $60 million, accounting for 67% of the platform's crypto directional predictions.
It eliminated three major pain points of perpetual futures: liquidation, funding rates, and wicks. Players can lose at most their principal, but have a chance for 10x returns, like a crypto version of scratch-off lottery tickets—high-frequency, transparent, and thrilling. Many futures traders have fled as a result. AI robots have already entered the market, traditional exchanges are hastily annexing prediction markets, while regulators are still caught in a tug-of-war over the definition of "gambling versus finance."
Retail investors have voted with their feet: what they've always wanted is not asset holding, but the ultimate thrill of betting.
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