Myriad has kicked off a high-stakes World Cup trading competition, dangling a $100,000 prize pool as it courts sports fans and crypto traders ahead of the 2026 tournament.
The platform — co-founded by Farokh Sarmad, who serves as Myriad’s president — rolled out the FIFA World Cup 2026 Prediction Contest in partnership with layer‑1 blockchain D.Energy. The contest features more than 75 multi-binary markets that let users trade outcomes for every match in the tournament, from group-stage clashes to knockouts.
Prize structure and incentives
- Total prize pool: $100,000.
- Top traders: $20,000 (1st), $10,000 (2nd), $5,000 (3rd).
- Additional $10,000 split across the rest of the leaderboard.
- Makers: a separate $5,000 weekly pool for top liquidity providers; the makers’ leaderboard resets each week.
- Promotional perks: zero trading fees and double MYR points during the contest.
How results are settled
Myriad uses Chainlink oracles for market resolution and receives live sports data via tech partner 55 Tech, which together determine match outcomes and settle trades in real time.
Background and strategic context
Myriad is a product of Dastan, the parent company behind media brands Decrypt and Rug Radio, and the contest follows a seed round the platform closed earlier this year to expand product and liquidity. “With billions of viewers tuning in to the tournament from around the world, this is a great opportunity to showcase how prediction markets work around sports tournaments on a global stage,” Sarmad said.
The move comes as prediction markets push further into mainstream sports betting. Volumes in the sector have surged — tracked monthly toward tens of billions of dollars — and competitors are already jockeying for attention: Polymarket and Kalshi both list World Cup-related markets. The space is also facing regulatory scrutiny, highlighted by Spain’s recent actions against some platforms. At the same time, institutional interest is rising, exemplified by Polymarket’s recent tie-up with Nasdaq’s private-markets arm.
With FIFA reporting about 1.5 billion viewers for the last World Cup final in Qatar, Myriad is positioning its contest as a way to convert global audiences into active traders during one of sport’s biggest stages.
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