Beyond Polymarket and Kalshi, a handful of smaller prediction-market projects are running activity-based campaigns that could result in future token distributions to active users.
Six projects currently featured on a CryptoRank drophunting compilation fit that bucket: 42, XO Market, Kairos, PRED, Totalis, and predict.fun. Each is positioned as a prediction venue in its own right, with the airdrop hook layered on top of normal platform activity rather than as a standalone giveaway.
Why it matters
Prediction markets are one of the few crypto verticals where real volume has crossed into mainstream awareness in 2025, with Polymarket and Kalshi anchoring the brand. Campaigns at adjacent venues are using that halo to pull in liquidity and active traders now, on the bet that a later token launch rewards early usage. The model is the same one Hyperliquid and friend.tech ran during their growth phases: get users transacting, then decide later whether to issue a token.
Market impact
None of the six names carry meaningful spot liquidity yet, so any flow stays confined to the project wallets of degen-tier airdrop hunters. The bigger read is ecosystem positioning: a credible prediction-markets meta usually needs more than two venues with depth, and this list is a map of which smaller books are hoping to be the third.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJAgmpRC-JHuHS8pohhsWSX2re3Od-IAAK0GmsbRG-ISoZD2Od9m7DWAQADAgADeQADPAQ)
Frequently asked questions
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Which prediction-market projects beyond Polymarket and Kalshi are running airdrop campaigns?
A recent drophunting compilation lists six: 42, XO Market, Kairos, PRED, Totalis, and predict.fun. Each is a live prediction venue with the airdrop layered on top of normal trading activity rather than as a standalone giveaway.
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Do these prediction-market airdrops have confirmed token launches?
No confirmed token launches or distribution dates are attached to any of the six campaigns in the list. The structure is activity-based: complete platform actions now, with the implication that a later token issuance could reward that usage.
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How do prediction-market airdrops differ from typical crypto airdrops?
Most prediction-market campaigns reward on-platform trading volume and liquidity provision rather than one-off social tasks. The model mirrors Hyperliquid and friend.tech during their growth phases, where real activity was the gating metric.
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Do any of these six projects carry meaningful trading liquidity today?
None of them have meaningful spot liquidity at present. Any flow is limited to the project wallets of degen-tier airdrop hunters, which is why the read is ecosystem positioning rather than immediate investable volume.
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Why does a prediction-markets watchlist matter beyond Polymarket and Kalshi?
A credible prediction-markets meta typically needs more than two venues with real depth. This list maps which smaller books are positioning to be the third venue, an early read on where volume could concentrate if the vertical keeps expanding.
WatcherGuru
CoinDesk
CryptoSlate
WuBlockchain
CoinTelegraph