This news details a promotional trading contest and prediction market collaboration. while it increases engagement and visibility for crypto trading, it is not a fundamental driver for significant price movements of major cryptocurrencies.
The information is provided by a reputable source (decrypt's parent company dastan) and clearly outlines a well-defined event involving established platforms like acetrader and myriad.
The event primarily boosts community engagement and interest in crypto trading and prediction markets. while this fosters a positive sentiment, the direct financial impact on the broader market's price is minimal, leaning towards neutral given the scale.
Any potential uplift in sentiment or engagement is likely to be concentrated around the duration of the competition and its immediate aftermath.
In brief Prediction market Myriad has teamed up with AceTrader, enabling users to predict on the AceTrader 100 competition. The competition sees celebrity crypto traders competing for a $1 million USDC trade fund. Myriad users can compete for a share of a prize pool of $30,000 in Trade Funds, with a $20,000 Trade Fund for the top trader on the Myriad leaderboard and a $10,000 Trade Fund for second place. Prediction market Myriad has teamed up with AceTrader to enable users to predict on the AceTrader 100 competition, with a $30,000 prize fund up for grabs. The AceTrader 100 sees celebrity crypto traders—among them Myriad President and co-founder Farokh Sarmad—competing for the top spot, with a $1 million USDC trade fund on the line. Introducing the @AceTrader 100 on MYRIAD! To celebrate the $1,000,000 USDC trade fund competition, you can now predict outcomes on traders and win funded trading accounts! 1st: $20,000 Trade Fund 2nd: $10,000 Trade Fund MYR Point allocation: 200M Details and links below ⬇️ pic.twitter.com/3y0QNPqpxy — MYRIAD (@MyriadMarkets) January 29, 2026 Users of Myriad , a prediction market owned by Decrypt ’s parent company Dastan, can trade on a variety of markets relating to the AceTrader 100 competition, from which of two traders will rake in the most profit in the showdown stage, to whether the “Public 80” will win out against the “Elite 20” traders in the Grand Final. With a prize pool of $30,000 in Trade Funds, there’s a $20,000 Trade Fund up for grabs for the top trader on the Myriad leaderboard, a $10,000 Trade Fund for second place, and a 1 Year Standard Plan for the third-ranked trader. Runners-up in the top 100 will receive a free month’s promo code for AceTrader’s Standard Plan, while 200,000 Myriad Points are also up for grabs for the top traders on the leaderboard. “The AceTrader 100 isn't just a competition; it’s a spectator sport for the crypto community,” a spokesperson for AceTrader said, adding that, “By partnering with Myriad, we’re giving our audience a way to participate in the narrative.” Prediction markets add “a layer of accountability and engagement,” they explained, adding that 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.” Crypto proprietary trading firm AceTrader enables traders to “access institutional-grade capital without needing personal investment.” After completing a structured evaluation challenge in a “realistic, risk-free simulated environment,” traders can qualify to manage AceTrader’s funds in live crypto markets, with the firm absorbing the trading risk in exchange for a cut of the profits. The firm promises “generous profit-sharing terms and performance scaling opportunities” for both beginners and seasoned traders. Farokh added that, “This is a really fun opportunity for Myriad users to have skin in the game and back their favourite horse!” To start trading on the Myriad AceTrader 100 Community Contest, head to Myriad Markets . Sponsored post by AceTrader Learn More about partnering with Decrypt. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!