Prediction-markets prop trading startup PropMarket announced on Thursday that it has launched what it describes as the first proprietary trading firm built for prediction markets. The New York-based platform, which went live on May 15, funds traders on Polymarket.
Account sizes range from $5,000 to $100,000, with a $250,000 tier in development. Traders pass a single-step evaluation on a simulated account, hitting a 20% profit target within a 10% max drawdown over 30 days. Funded traders start on a 70/30 profit split, with an upgrade to 90/10 available.
Because prediction-market contracts settle at zero or one, PropMarket said it designed position sizing, drawdown limits, and consistency rules from scratch for binary-outcome trading. The company partnered with the development team behind BreakoutProp, an established prop firm, to build the platform and supply liquidity.
“Prop firms already exist for forex, futures, crypto, and sports. Prediction markets were the obvious next step,” said PropMarket co-founder Mitchell Morgan.
Polymarket, which describes itself as the world’s largest prediction market, listed 2,008 active markets as of Friday.
