Myriad and AceTrader Launch $30K Prediction Contest Around High-Stakes Crypto Trading Showdown

In a move blending competitive trading with community engagement, prediction market platform Myriad has announced a partnership with crypto proprietary trading firm AceTrader. The collaboration centers on AceTrader's ongoing "AceTrader 100" competition, where elite traders vie for a $1 million USDC trading fund. Myriad will host a parallel prediction contest with a $30,000 prize pool, allowing its users to forecast various outcomes of the high-stakes event.

The AceTrader 100 features a roster of notable crypto traders, including Myriad's own President and co-founder, Farokh Sarmad. Participants are competing in a structured evaluation for the chance to manage AceTrader's capital in live markets, with the firm covering all trading risk.

On Myriad—owned by Decrypt's parent company, Dastan—users can now trade on specific markets related to the competition. These range from predicting which of two head-to-head traders will generate higher profits to wagering on whether the "Public 80" cohort can outperform the "Elite 20" in the Grand Final. This integration transforms a closed trading contest into a public spectacle with financial stakes for spectators.

The prediction contest offers a $20,000 Trade Fund to the leaderboard's top forecaster, $10,000 for second place, and a one-year AceTrader Standard Plan for third. Traders ranking within the top 100 will receive a one-month promo code for AceTrader's services, with an additional 200,000 Myriad Points distributed among top performers.

"The AceTrader 100 isn't just a competition; it's a spectator sport for the crypto community," an AceTrader spokesperson stated. "By partnering with Myriad, we're giving our audience a way to participate in the narrative and add a layer of accountability and engagement." Farokh Sarmad echoed the sentiment, calling it "a fun opportunity for Myriad users to have skin in the game and back their favourite horse."

Analysis & Background: This partnership highlights the growing convergence of decentralized prediction markets and traditional trading competitions. For Myriad, it's a high-profile use case that demonstrates the utility of prediction platforms beyond politics or sports. For AceTrader, it leverages community sentiment to amplify brand visibility and trader recruitment. The model mirrors the "play-to-earn" and "social trading" trends, where observation becomes a participatory activity with tangible rewards.

Community Voices:

• Marcus Chen, Retail Trader: "Finally, a way for the rest of us to get involved beyond just watching. I've followed a few of these traders for years; putting my predictions where my mouth is makes the whole competition way more engaging."
• Dr. Eliza Vance, Fintech Researcher: "This is a clever gamification of trading performance data. It could provide valuable, crowd-sourced insights on trader consistency versus short-term luck, which is often hard to quantify."
• "Crypto_Skeptic," Online Commentator: "Oh great, more gambling dressed up as 'engagement.' Instead of learning to trade, people are now encouraged to bet on traders. This doesn't democratize finance; it just creates another layer of speculative casino games."
• Riya Patel, DeFi Enthusiast: "The synergy is smart. Prediction markets need real-world events with clear outcomes, and trading competitions provide that. I'm curious to see if the prediction odds start influencing the traders' own strategies mid-competition."

To participate in the Myriad AceTrader 100 Community Contest, visit Myriad Markets.