Blockchain Launches SnapMarkets: A New Bitcoin Prediction Platform

Blockchain has introduced SnapMarkets, a prediction platform for Bitcoin price changes with 30-second intervals. The minimum bet is 1 on the asset s rise or fall. The product is marketed as a skill-based prediction market. In addition to trading features, the platform includes a chat, real-time price feed, and a leaderboard.
Unlike Polymarket or Kalshi, SnapMarkets focuses solely on Bitcoin price predictions rather than bets on elections or sports outcomes. Blockchain plans to expand the list of available markets over time.
The launch coincided with a period of active growth in the prediction market sector. According to Dune, the total trading volume in prediction markets exceeded 29 billion in April.
Blockchain emphasizes that SnapMarkets is not binary options. The company describes the service as a simple and transparent way to interact with price movements, rather than a traditional derivative instrument. However, regulators in the US and Europe are cautious about such products. In 2018 2019, EU and UK authorities banned offering binary options to retail clients. In the US, the CFTC regulates such platforms. Due to regulatory restrictions, SnapMarkets is unavailable to residents of the US and UK.