Rising Popularity of Prediction Markets: Trump, Ethereum, and NYC Weather on the Line

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ICARO Media Group
Politics
06/06/2025 23h02

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Prediction markets have seen significant traction, offering users a platform to speculate on diverse outcomes ranging from politics to cryptocurrency prices and even weather forecasts. One platform, Myriad Markets, is currently buzzing with activity as users place their bets on several hot topics.

One intriguing market is whether President Donald Trump will be suspended from the social media platform X by June 13. This speculation emerges amid escalating tensions between Trump and Elon Musk, the owner of X. Following a series of public disputes, Trump’s chances of being banned have become a major talking point. As of Thursday afternoon, nearly 90% of Myriad users have voted against the likelihood of Trump being kicked off the platform.

In the realm of cryptocurrency, another popular prediction involves the price of Ethereum (ETH). Predictors are being asked if ETH will close above $2,600 on June 6. Earlier in the week, Ethereum was trading close to this mark, but a broader market sell-off saw its price dip to $2,429 by Thursday afternoon. Consequently, the odds of ETH surpassing $2,600 have dwindled to 8.5%, indicating bearish sentiment among the market participants.

Meanwhile, weather predictions in New York City are also attracting attention. Users are wagering on whether the temperature will exceed 77°F on June 6. Initially, forecasts listed a high of 77°F, making the market a near coin toss. However, updated forecasts now predict highs around 79°F, with a "feels like" temperature of 81°F. This shift has led 75.8% of predictors to bet on temperatures rising above the 77°F threshold.

These snapshots illustrate the varied interests driving participation in prediction markets, showcasing how users leverage their insights and knowledge across different domains. As these events unfold, Myriad Markets continues to be a hub for speculative activity, drawing a diverse crowd eager to test their predictive skills.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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