Myriad, AceTrader Offer $30K in Prizes for Trader Predictions

Prediction market Myriad has partnered with crypto prop trading firm AceTrader to let users bet on the outcomes of the high-stakes AceTrader 100 competition, according to reports. The contest sees traders, including Myriad’s own president Farokh Sarmad, competing for a $1 million prize. Consequently, spectators now have a direct financial stake in the tournament’s results.

Users can trade on various markets, from predicting which trader will earn the most profit to whether the “Public 80” will defeat the “Elite 20.” The top predictor wins a $20,000 trade fund, while second place gets $10,000. Meanwhile, runners-up receive promotional access to AceTrader’s services.

A spokesperson for AceTrader framed the event as “a spectator sport for the crypto community.” They added that prediction markets bring “a layer of accountability and engagement,” allowing the audience to back their favorites with conviction. Consequently, the collaboration transforms a trading competition into a participatory community event.

Farokh Sarmad called it “a really fun opportunity for Myriad users to have skin in the game and back their favourite horse!” The firm AceTrader offers traders a path to manage institutional capital after passing a simulated evaluation. Ultimately, this partnership merges the worlds of competitive crypto trading and decentralized prediction markets.

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