At a GATE ZONE fireside session held on Aug. 21 in the Summer Bay area of Coinfest Asia, Gate Head of Global Partnerships Jason Fung shared his view on what he called the biggest market opportunity in prediction markets. His talk covered the competitive structure of the sector, user-created markets, builder ecosystems, and future openings for growth.
Fung said that as onchain prediction markets continue to develop, competition will no longer center only on liquidity and trading volume. He said the next stage will depend on how well platforms can lower the barriers to market creation, expand the types of markets available, and bring more users into the process of building markets.
User-created markets and a more open model
Speaking about Gate DexBuilder’s recently launched event contract Builder, Fung said giving users the ability to create markets on their own is an important step toward making prediction markets more open.
By lowering the threshold for creating and listing event-driven markets, users can quickly build markets around trending topics while also exploring narrower themes and potential demand that may not yet be fully served. He said that shift could move prediction markets away from a product form led by a small number of platforms and toward a more open market ecosystem.
Room for expansion across multiple sectors
Fung said prediction markets still contain a large number of opportunities that have not yet been fully explored. He said their application scope could continue to extend beyond current hot areas including politics, sports, crypto, AI, and entertainment.
He added that as more developers and entrepreneurs enter the sector, builder ecosystems, market diversity, and user experience will become major forces shaping industry growth. In his view, onchain event markets could also expand beyond early users and reach a broader user base over time.