What the Myriad prediction market is, and who can use it
Myriad is a crypto prediction market: you buy shares that pay $1 in a dollar stablecoin if the outcome happens, mainly on BNB Smart Chain. No. Myriad’s terms list the United States among its prohibited territories and ban using a VPN to get around them.
What it is
Myriad is a crypto prediction market: you buy shares that pay $1 in a dollar stablecoin if the outcome happens, mainly on BNB Smart Chain.
Myriad Markets is a blockchain-based prediction platform in which you can profit from your predictions on everything from crypto, politics, finance, sports and more.
Once it is resolved, each winning share settles at $1, while each losing share is worth $0.
The Myriad Protocol’s main deployment is on BNB Smart Chain, where most markets will be denominated in USD1 and some markets are still denominated in USDT.
Your funds are never in Myriad Markets’ possession, they’re always in your wallet or in the smart contract.
Can you use it in the US
No. Myriad’s terms list the United States among its prohibited territories and ban using a VPN to get around them.
Trinidad and Tobago United States of America Zimbabwe Restricted Persons: Any person or entity from the above jurisdictions is referred to as a “Restricted Person.”
Using a Virtual Private Network (VPN) or similar tools to bypass these restrictions is strictly prohibited.
US-regulated venues are compared on Polymarket alternatives.
Who runs it
Myriad is run by the Myriad Foundation in the Cayman Islands and claims no licence from any regulator.
This website-hosted user interface (this “Interface”) is made available by Myriad Foundation, a corporation organized and existing under the laws of Grand Cayman (the “Company”).
We found no licence from any regulator in Myriad’s terms, and no Myriad entry on the CFTC’s list of designated contract markets.
As part of the move, Myriad, owned by Decrypt’s parent company Dastan, is migrating its entire prediction market catalog to BNB Chain.
Funding an account and fees
Send USD1 on BNB Smart Chain, other crypto, or pay by card, Apple Pay, Venmo or Revolut through MoonPay, from $20.
Transfer USD1 tokens directly onto your Myriad Account on the BNB Smart Chain.
Apple Pay Venmo Credit or debit cards Revolut Payments are processed through MoonPay and the minimum deposit amount is $20.
Currently, the peak fee rate at $0.5 is 1.5%.
Markets have fees ranging from 0% to 2% on buy transactions, depending on the market.
Is there a Myriad cryptocurrency
No live Myriad token was found; its docs describe MYR Points, a weekly rewards programme, and nothing about a token.
Points are distributed weekly based primarily on market and platform activity.
Decrypt, which shares Myriad’s owner, has reported a coming “MYR ecosystem”, with no launch details.
Resolution and audits
Resolution is managed by the Myriad team based on the Market Rules.
The AMM contracts have been audited by Cyfrin:
