Predyx – An Interesting Bitcoin Prediction Market

[joeperry]

It's my first time hearing it. I think a lot of prediction markets are starting to spawn after the noise of the Polymarket, I checked the platform and the OP is right I think it's only pure Bitcoin platform which is nice, I also checked the terms and condition and didn't find any terms regarding KYC. However, I think the site is not fully functional as they have Sports area and it's not yet fully working. What I like in prediction markets is you can place bet on sports and have a live market for that, if they would be able to fix it in the future (since I understand that it's still on beta), then I would consider giving this platform a shot. Thought thanks for sharing this, may I ask where did you managed to find this platform?

@notblox1, I just checked their platform, I didn't find anything related to KYC or personal information verification, though I might missed. Just correct me if I'm wrong.

[Coloma612]

Has anyone here already tried it?

I haven't checked it out yet, but the BTC prediction niche is getting crowded lately. What exactly makes Predyx "different" from the dozens of other platforms we’ve seen here?

Before I even think about connecting a wallet or placing a bet, I’d like to know:
1. Is it fully on-chain, or is there a centralized backend managing the odds?
2. Since it's in beta, is there a bug bounty program or any audit available?

Always careful with "new interesting platforms" that pop up out of nowhere, but if the UI is clean and the fees are low, it might be worth a small test run. Let's see if anyone else has some hands-on experience with their withdrawal process yet.

[suzanne5223]

Thank you for sharing, but every crypto gambler needs to understand that, ever since gambling, prediction markets have become one of the major topics in the gambling space. A lot of concepts and strategies will be created in the prediction market setting to get the attention of gamblers.
Therefore, there's going to be a higher chance of some gamblers getting scammed ^{(i am not saying the prediction platform mentioned by OP is a scam)}, so we need to be careful and do adequate research, especially when the platform is using BTC for its brand marketing

[hero_the_bossman]

Didn't try it yet, but if it's not as laggy as Poly, it would be a win-win platform to try out

[mega_dreamer]

Hi guys - I accidentally saw this post while doing a routine google search about Predyx. My name is Sanjay and I'm the co-founder of Predyx.
Thanks @BitGoba for finding Predyx interesting. FWIW - I or Predyx have no affiliation with @BitGoba. Never heard of him or know him. However it was nice of him to post about us.

And thank you everyone who has given Predyx a try. Your feedback on improving Predyx will be much appreciated.

I see the a lot of you have some genuine questions about Predyx. I can address it one by one:

1) Is Predyx on-chain or uses DLCs?

No, Predyx is fully custodial at this point of time. We quickly wanted to launch MVP and see if there is a need or a real interest from Bitcoiners. So far we've gotten positive results and we're very motivated to build a self-custodial versions backed by smart-contracts. We're tinkering with Liquid, and other not so popular L2s like Spark and ArkadeOS. Most likely we'll be headed in the Liquid direction due to smart-contracts.

2) Is Predyx legitimate?

Yes, we are biased out of US with registered office in Delaware. Predyx is an offshoot of MegaSats, Inc a Delaware company. We have small team, consisting of 7 people.
We're not yet regulated by CFTC (but we're working on getting regulated by CFTC). The reason we're not regulated yet is due to the fact that CFTC had no clear guidelines on In-kind derivatives contract(Bitcoin-In - Bitcoin-Out) up until December 2026.

3) Who are the founders?

Derek Orr(ceo) and Sanjay Shah(cto) are the co-founders of Predyx. Derek is based out of Canada and Sanjay is based out of US.
If you'd like to meet us in person, we'll be at Bitcoin Vegas 2026. We've been invited by the conference organizers to speak in the Prediction Market panel, not a paid spot.

4) How is the probability calculated?

Currently we use Automated Market Maker (AMM) namely Logarithmic Market Scoring Rule(LMSR). We will soon launch CDA/CLOB markets similar to Kalshi/Poly with limit-orders by end of April. It's actively being tested right now.

5) Does Predyx have bug bounty?

Nothing official, but feel free to report it at support@predyx.com
We're still self-funded so we don't want to promise a large bounty, but we will definitely compensate you for your time, if you happen to find any major bugs.

If you'd like get my attention urgently here's my twitter handle: https://x.com/bitSanjay
I can also be reached on stacker.news: https://stacker.news/mega_dreamer