Prediction market Myriad has partnered with prop-trading platform AceTrader to let users bet on the outcome of the AceTrader 100 competition. The event features celebrity crypto traders competing for a $1 million USDC trading fund. Myriad users can participate by predicting market outcomes related to the contest for a chance to win a share of $30,000 in Trade Funds, including a top prize of a $20,000 funded account.
Prediction market Myriad has teamed with crypto proprietary trading firm AceTrader to enable users to predict outcomes of the AceTrader 100 competition. Celebrity traders, including Myriad President Farokh Sarmad, are competing for a $1 million USDC trade fund according to the announcement.
Users can trade on a variety of markets tied to the event. These include predicting which of two traders will profit more or whether the “Public 80” will beat the “Elite 20” in the final.
A $30,000 prize pool in Trade Funds is available for the contest’s top Myriad traders. The leaderboard winner receives a $20,000 Trade Fund, while second place gets $10,000.
Runners-up in the top 100 will receive a promo code for a free month of AceTrader’s Standard Plan. An additional 200,000 Myriad Points are allocated for top traders on the Myriad platform.
“The AceTrader 100 isn’t just a competition; it’s a spectator sport for the crypto community,” an AceTrader spokesperson said. They added that the partnership with Myriad allows the audience to participate in the narrative.
The spokesperson explained that prediction markets add a layer of accountability and engagement. Myriad enables users to “back their favorite traders and KOLs with real conviction while watching the $1,000,000 fund quest unfold in real-time.”
AceTrader provides traders access to institutional capital without personal investment after a risk-free evaluation. The firm absorbs trading risk in exchange for a profit share, offering scaling opportunities for traders of all levels.
“This is a really fun opportunity for Myriad users to have skin in the game and back their favourite horse!” Farokh Sarmad stated. The contest is live for users to participate on the Myriad Markets platform.
