Platform review
Myriad Markets review
On-chain prediction markets settled in USD1 on BNB Smart Chain, and USDC.e on Abstract
Our verdict
A low barrier to entry — three dollars, a zero maker fee, settlement in USD1 or USDC.e — and the widest gap on this site between what a venue publishes and what it has deployed. Myriad’s documentation gives its whole settlement process in one sentence: “Resolution is managed by the Myriad team based on the Market Rules.” We searched all nineteen documentation pages for an appeal, a challenge, a bond or an escalation and found nothing about market outcomes; the only route offered anywhere is a support ticket. Meanwhile the contract in Myriad’s own public repository carries an adminResolveMarket function, gated on a resolution-admin role, that writes the outcome directly without calling an oracle at all — and Myriad’s own commissioned audit says plainly that holders of that role “can resolve markets and set voided payout ratios, giving them control over which side wins”. The terms of use reserve no such discretion and disclose no such role. So the published documents and the deployed code do not describe the same venue, and the documents are the more flattering of the two.
Verified documents & product scope
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Understanding the fees
Order-book and AMM markets use different pricing. Order-book makers pay no trading fee; taker rates vary with price. AMM buy fees vary by market, and the application may add a gas charge. Read the market quote before comparing costs.
These are document checks, not a funded-account test. Access may depend on residence, physical location, account approval and the contract category. Check the operator’s current terms before depositing.
- Myriad order book fees — checked
Maker orders are fee-free; taker fees depend on price. The stated peak rate is 1.5% at a price of $0.50.
- Myriad AMM fees — checked
AMM buy fees vary by market from 0% to 2%; the application also describes a per-transaction gas charge.
Pros and cons
What works
- A three-dollar minimum, among the lowest barriers to entry we list
- Zero maker fee
- Per-market rules are published, so you can read what a contract turns on before trading
- Settlement in USD1 or USDC.e, across crypto, politics, economy and sports
What doesn’t
- The entire documented settlement process is one sentence: the team resolves
- No oracle, no challenge window, no bond and no escalation anywhere in nineteen documentation pages
- The only route offered to anyone disputing a settlement is a support ticket to the party that made it
- The deployed contract carries an admin function that writes outcomes directly without calling an oracle
- Myriad’s own commissioned audit says role holders have “control over which side wins”
- The terms of use disclose no such role and reserve no such discretion
Prices and liquidity
We do not currently publish live quotes for Myriad Markets. Check the platform’s order book before placing an order: the last trade can differ from the price available for your position size.
How to assess liquidity and spreads →How Myriad works
Myriad is an on-chain prediction market with a deliberately low barrier to entry: a three-dollar minimum, a zero maker fee, and settlement in USD1 or USDC.e. Categories cover crypto, politics, economy and sports. For someone testing the instrument with a small stake, the entry cost is among the lowest we list.
No licence, registration, operating entity or jurisdiction is stated anywhere in Myriad’s own documentation. That is common in this part of the category and it is recorded rather than editorialised — but it means the sections below rest on the venue’s own published documents and its public code, because there is no regulator’s file to check them against.
Resolution, in one sentence
Myriad’s documentation gives its entire settlement process in a single line: “Resolution is managed by the Myriad team based on the Market Rules.” There is no oracle named, no challenge window, no bond and no escalation.
We searched all nineteen of its documentation pages for the words appeal, challenge, bond and escalation. Nothing came back about market outcomes. The only route the documentation offers anyone who disagrees with a settlement is to submit a support ticket — which is to say, to ask the party that made the decision to reconsider it.
To be fair to the venue: per-market rules are published, so you can read what a contract turns on before you trade it. That is the part it does well, and it is why this is not rated at the floor.
The documents and the code describe different venues
The contract in Myriad’s own public repository carries a function called adminResolveMarket, gated on a resolution-admin role, which writes the outcome directly without calling an oracle at all. It is not an inference from bytecode: the function is in the source, in Myriad’s own repository.
Myriad’s own commissioned security audit describes what that role can do without ambiguity. Holders “can resolve markets and set voided payout ratios, giving them control over which side wins”. That is the auditor Myriad hired, writing about Myriad’s contract, in a report Myriad links from its own documentation.
The terms of use reserve no such discretion and disclose no such role. So a user reading the documents they are asked to agree to would not learn that an administrative key can decide which side of their position wins — and that capability is documented in two places the venue itself published, just not the two a user reads.
What to take from this
We are not alleging misuse. An administrative resolution path has legitimate uses, most obviously a broken feed or a market that cannot settle as written, and there is no evidence before us that the role has been used improperly. The finding is about disclosure, not conduct.
What it changes is how a position here should be sized and understood. A contract on this venue is not settled by a mechanism with a bond behind it and a public dispute record; it is settled by a team, with an administrative override available above that, and no documented route to contest either. Price that in.
The cheapest fix is also Myriad’s to make, and we would update this page the day it happened: state the role in the terms of use, say who holds it and under what circumstances it is used. The capability is already public. Only the disclosure is missing.
User reviews
We have no approved reviews for Myriad Markets. Every submission is read by a moderator before it appears, and none has passed for this platform. The User Score is not published below 3 reviews, so nothing is averaged here either — the Editor Score above is measured against our own criteria and does not depend on it.
New review submissions are temporarily closed. For corrections, contact bestpredictionmarkets@proton.me.
Myriad Markets FAQ
- How are Myriad markets resolved?
- By the team. Its documentation gives the whole process in one sentence — “Resolution is managed by the Myriad team based on the Market Rules” — with no oracle named, no challenge window, no bond and no escalation. We searched all nineteen documentation pages for appeal, challenge, bond and escalation and found nothing about market outcomes. The only route offered to someone who disagrees with a settlement is a support ticket.
- Can Myriad decide which side of my position wins?
- Its own audit says the capability exists. The contract in Myriad’s public repository carries an adminResolveMarket function, gated on a resolution-admin role, which writes the outcome directly without calling an oracle; the security audit Myriad commissioned and links from its own documentation states that holders of that role “can resolve markets and set voided payout ratios, giving them control over which side wins”. We are not alleging misuse and have no evidence of any. The point is disclosure: the terms of use reserve no such discretion and disclose no such role.