Pantera Capital Releases Report on Crypto Prediction Markets Using Surf Data

Pantera Capital, a global blockchain investment firm, has released a report on crypto prediction markets using the data infrastructure of Surf, a digital-asset AI analytics platform.

Surf said July 10 that Pantera Research Lab published “Crypto on the Clock,” a report based on Surf data. The report analyzes the trading structure and participant behavior of the short-term crypto prediction market, focusing on Polymarket and Kalshi. Surf took part as a data partner.

The report said crypto-related trading volume on Polymarket and Kalshi totaled $10.07 billion from January through the end of June this year. About $7.8 billion of that came from short-term prediction products with expiries of five, 15 and 60 minutes.

Pantera Capital said Polymarket has been expanding trading volume through ultra-short-term markets with five-minute intervals and small-ticket trades. Kalshi, by contrast, has been growing on the strength of products with expiries of 15 minutes or longer and a differentiated fee structure.

Surf is a digital-asset-focused AI platform that integrates on-chain data, real-time market data and social data. The company previously raised $15 million in a funding round led by Pantera Capital, with Coinbase Ventures and Digital Currency Group also participating.

Ryan Lee, Surf’s chief executive officer, said the research shows that Surf’s data and AI infrastructure are being used in global digital-asset research. He added that the company will continue upgrading its data infrastructure to help institutional and retail investors analyze markets faster and more accurately.