Short-term up/down predictions are becoming a mainstream direction, turning the time window itself into a product beyond price

Prediction markets and CEXs are both extending Crypto 5min Up/Down to TradFi assets, and even to shorter time windows measured in seconds
In the Crypto up/down prediction 5min market, Predict Fun's daily trading volume recently approached $7 million, with its gap against Polymarket narrowing from 3:7 to 5:5 over the past month
In terms of the number of trading addresses and transactions, Predict Fun has surpassed Polymarket in the 5min market on both metrics
Judging from the daily active user trend, Predict Fun appears to have attracted and converted some of Polymarket's short-term market users and capital
From the platform's perspective, Predict Fun is taking short-term up/down predictions to the extreme, with the 5min market continuously contributing the bulk of the platform's trading volume and fees; in contrast, MM liquidity has improved, while fees remain relatively lower than Polymarket's