XO Market

XO Market is a decentralized prediction market platform where users can create their own markets, unlike platforms like Polymarket or Kalshi that rely on internal curation. Its core business revolves around user-generated markets: anyone can propose a market, and the platform handles pricing, settlement, and dispute resolution through an oracle system.

The key differentiator is its "user-generated markets" model, which shifts control from platform operators to individual users. This is complemented by features like continuous CP (Conviction Points) accrual, which rewards holding positions rather than prediction accuracy, and the upcoming XO Vaults, which will allow anyone to become a market maker by pooling capital.

The main pain point it addresses is the limited market selection and high entry barriers on traditional prediction platforms. By allowing users to create markets, it aims to expand the range of tradeable events and democratize market making. However, this open model also carries risks: user-generated markets may suffer from low liquidity and quality control issues, as evidenced by similar platforms like Nine Lives and Warm Protocol that failed to attract meaningful trading volume.

In the past six months (2026-03-04 to 2026-09-04), XO Market has shown notable growth. Since its mainnet beta launch in mid-November 2025, it has accumulated over $150 million in trading volume, attracted more than 30,000 users, and seen over 600 user-created markets. The platform also introduced continuous CP accrual in this period and is preparing to launch XO Vaults. An earlier testnet pilot began in April 2025.