Published on: May 5, 2026, 02:10h.
Updated on: May 5, 2026, 02:10h.
- Limitless Markets claims expertise in short-term financial trading
- The prediction market facilitates bitcoin price trading every five minutes
- Limitless is pursuing approval from the CFTC
A cryptocurrency-focused prediction marketplace operating on Coinbase’s Base network has applied for federal regulation through the Commodity Futures Trading Commission (CFTC) in the United States.
Limitless Markets US, LLC is the American arm of the blockchain-oriented prediction platform, Limitless Exchange. The service is currently operational in the US, but its recent CFTC filing suggests the Cayman Islands-based company aims for full compliance.
Limitless has experienced tremendous growth in trading volume, skyrocketing from $204.9 million in January to $1.66 billion last month. These figures are sourced from Dune Analytics, which tracks cryptocurrency activity within prediction markets.
Fast-Paced Prediction Markets
CJ Hetherington, CEO of Limitless Labs, the parent company of Limitless Markets, stated on LinkedIn that Limitless is the “rapidly expanding prediction market.” He attributes this growth to the platform providing short-term contracts that resolve quicker than other competitors’ offerings.
Hetherington noted that, despite most attention on prediction markets involving sports, politics, and cultural events, it’s the short-term contract trades linked to currencies that are driving Limitless’s growth.
Limitless is revolutionizing short-duration markets including 15-minute cryptocurrency markets and one-hour commodity markets. Short-term financial prediction markets represent a significantly larger segment than many realize,” Hetherington stated.
Limitless is even pursuing quicker crypto trading markets.
Casino.org explored the prediction market and found trading contracts that speculate on whether the price of bitcoin will rise or fall within just five minutes.
In comparison, Kalshi, which is currently the largest CFTC-regulated prediction market, offers the shortest bitcoin contracts at 15-minute intervals. Polymarket, another cryptocurrency prediction platform, provides five-minute trades on bitcoin, Ethereum, Dogecoin, and other digital currencies.
Critiques of Prediction Markets
Advocates of prediction markets argue that these platforms allow investors to capitalize on their insights effectively, similar to how a soybean farmer might anticipate a poor crop by investing in the future pricing of that commodity.
However, detractors argue that the products tied to sports and short-term commodities trading resemble gambling more than investing. Billionaire Warren Buffett recently compared day trading and short-term speculation, like the five-minute bitcoin price speculation, to betting on whether the next spin of a roulette wheel will result in black or red.
The casino environment has become increasingly appealing,” Buffett remarked to CNBC this week. “If you’re engaging in one-day options trading, that is not investing. It is not speculation. It is gambling. There’s no rationale behind purchasing an option for a single day.”
Opponents of prediction markets also express concerns that trades involving political and cultural events create opportunities for insider trading.