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What is Bybit?
Bybit is a global cryptocurrency exchange that started in 2018 and now has more than 70 million users around the world. The platform lets you trade spot, derivatives, staking, and earn products with major cryptocurrencies like Bitcoin and Ethereum.
Bybit EU is the exchange’s European-regulated branch that offers EU users crypto services that meet all legal requirements. It has features like Fiat Deposit, Fixed Savings, Spot Margin Trading, and Trading Bots that make it useful for both new crypto airdrop farmers and active traders who are managing their positions.
Bybit Prediction Details
Bybit Prediction is a prediction market feature live on Bybit Alpha. The initial launch focuses on football and sports event markets, letting users trade on match outcomes using their existing Bybit account.
Key Parameters:
- Allocation: Reward campaigns tied to the football season tournament period
- Distribution Method: Settlement payouts to winning positions; losing positions expire
Prediction markets settle automatically once the official event outcome is confirmed. Winning positions receive settlement payouts; losing positions expire. Settlement timing depends on when the official result is published. Bybit is running football season campaigns with trading activities and reward programs throughout the tournament period.
How to Participate in Bybit Prediction
Step 1: Create Your Bybit Account
Register at Bybit using the referral link. Enter your email or mobile number and set a secure password. If you already have a Bybit account, skip this step and use your existing one.
Step 2: Complete KYC Verification
Go to your account settings and complete identity verification (KYC). This is required to qualify for all rewards and referral bonuses.
Step 3: Navigate to Bybit Alpha
Log into your Bybit account and go to the Bybit Alpha homepage. Find the Bybit Prediction section from the main Alpha menu.
Step 4: Select a Prediction Market
Browse the available football prediction markets. Choose a match or event you want to trade.
Step 5: Place Your Trade
Select your direction (“Yes” or “No”), enter your trade amount, and confirm. You can hold your position until settlement or close it before the event ends.
Step 6: Claim Settlement
After the official match result is confirmed, winning positions settle automatically. Check your account balance for settlement payouts.
Tips for Maximizing Bybit Prediction Rewards
Follow the football season campaign: Bybit is running exclusive reward programs tied to the current tournament. Staying active during this period gives you access to the campaign-specific bonuses that won’t be available year-round.
Close positions early when needed: You don’t have to hold until settlement. If market sentiment shifts before kickoff, exiting early can protect your balance and free up funds for better opportunities.
Combine with other Bybit Alpha features: Bybit Alpha bundles multiple product experiments together. Engaging across features during active campaign periods may increase your eligibility for broader rewards.
Frequently Asked Questions
What is Bybit Prediction?
Bybit Prediction is a prediction market feature on Bybit Alpha where you can trade on the outcomes of real-world events. The current launch focuses on football match markets. No external wallet or blockchain setup is required.
Do I need crypto to use Bybit Prediction?
You need a Bybit account with available balance to place trades. KYC verification is required to qualify for rewards. No on-chain transactions or external wallets are involved.
How does settlement work on Bybit Prediction?
Markets settle automatically after the official event result is confirmed. Winning positions receive payouts; losing positions expire. Timing depends on when the official result is published after the event ends.
Conclusion
Bybit Prediction brings prediction market trading into the Bybit ecosystem with no blockchain setup required. The football season campaign runs for a limited window, so completing KYC and placing your first trade sooner gives you access to the full reward period.
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