I Tried BRKT — Movement’s On-Chain Prediction Market That Already Has 300K Users
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Prediction markets are one of the fastest growing categories in crypto right now. Polymarket hit a $2 billion valuation. Weekly activity across prediction market platforms exceeded $2.1 billion in 2025. But most of these platforms are built on Ethereum or Polygon — not on Movement.
BRKT is changing that. It’s a decentralized prediction market built natively on Movement, and in less than 6 months it attracted over 300,000 users. I dug into how it actually works, tested it, and here’s everything you need to know.
What Is BRKT?
BRKT Labs is building the future of prediction markets through two unique product offerings: BRKT and Hookt. BRKT extends prediction markets through the addition of bracket-based predictions, supporting competitions with up to 256 participants — tailor-made to be the go-to platform for yearly tournaments like the NCAA Men’s Basketball Tournament, NFL Finals, esports finals, and other bracket-style tournaments — while also offering binary prediction markets across politics, sports, news, and culture. CoinGecko
BRKT raised a $1.75 million seed round led by Foresight Ventures, with participation from Orange DAO, V3V Ventures, MEXC Ventures, 280Capital, Triton Liquid Fund, Movement, Silvermine Capital, and Nibiru Chain. RootData
The fact that Movement Labs itself participated in the funding round is notable — it signals that BRKT is considered core ecosystem infrastructure, not just a peripheral application.
What Is a Prediction Market — And Why Does It Matter On-Chain?
Before going deeper into BRKT specifically, it’s worth understanding what makes on-chain prediction markets different from simply placing a bet on a regular platform.
A prediction market is an exchange where individuals trade contracts that pay out based on the outcome of unknown future events. The prices of these contracts reflect the aggregate belief of market participants regarding the probability of that event occurring. Cube Exchange
When these markets run on a blockchain, the difference is fundamental. Instead of a central entity matching trades and holding collateral, smart contracts handle all core functions autonomously. Participants interact directly with the protocol using digital assets, maintaining complete custody of their funds until a market resolves. Cube Exchange
This means nobody can freeze your funds, manipulate the outcome, or prevent you from withdrawing. The smart contract is the only authority — and it executes exactly as coded, every time.
BRKT’s Two Products — What Makes It Different
Most prediction market platforms do one thing: binary yes/no markets. BRKT does something more ambitious by running two distinct products simultaneously.
Product 1: BRKT — Bracket-Based Predictions
This is BRKT’s most distinctive feature and what separates it from every other prediction market in the space.
BRKT’s brackets are powered by two unique contracts allowing for permissionless creation of bracket-based predictions. Instead of just predicting a single outcome, you fill out an entire bracket — like you would for March Madness — predicting every matchup through to the final winner. The more correct predictions you make, the higher you score. CoinGecko
This format is specifically designed for seasonal tournaments: the NFL playoffs, esports championships, cricket tournaments, and any competition with a bracket-style elimination format. For sports and gaming fans, this is a format that’s immediately intuitive — you’ve probably filled out a bracket in your life, just not an on-chain one that pays out transparently.
The bracket format also drives deeper engagement than binary markets. Instead of placing one bet and waiting, you’re invested in every single matchup across the entire tournament. Every game matters to your bracket position.
Product 2: Hookt — Mobile Prediction Markets
Hookt describes itself as “Tinder for outcomes” — the first mobile swipe-to-bet prediction market, focused on onboarding the next 10 million users to prediction markets through mobile. Globenewswire
The UX is exactly what it sounds like: you see a prediction market question, swipe right to bet YES, swipe left to bet NO. It’s frictionless, fast, and designed specifically for mobile users who would never navigate a complex DeFi interface.
This matters strategically. The biggest barrier to prediction market adoption isn’t the technology — it’s the onboarding experience. Hookt removes that barrier by making the interaction feel like a social app rather than a financial protocol.
New Hookt users can currently earn rewards including MOVE tokens for participating — which creates an additional incentive to try the platform early. Tradeport
How BRKT Works Mechanically
Here’s the step-by-step of how a prediction market on BRKT actually functions:
Step 1 — Browse active markets Go to brkt.gg and connect your Nightly or OKX Web3 wallet. You’ll see active markets across sports, politics, crypto, and culture. Each market shows the current probability implied by trader positions — if a market shows 70% YES, it means the collective of traders believe there’s a 70% chance that outcome happens.
Step 2 — Choose your position Select a market and decide whether you think the outcome will happen (YES) or not (NO). The price you pay reflects the current probability — if YES is at 70 cents, a correct prediction pays out $1, giving you a 43% return on a correct call.
Step 3 — Buy outcome shares Your transaction goes directly to a smart contract on Movement. Users participate by depositing digital assets into the protocol, which then mints outcome shares representing the various possible results. You hold these shares until the market resolves. Cube Exchange
Step 4 — Market resolution When the real-world event concludes, an oracle feeds the verified result on-chain. Platforms often utilize decentralized oracle networks to deliver real-world results to the blockchain, making it significantly harder for any single entity to manipulate the outcome. Winning shares redeem for their full value. Losing shares expire worthless. IdeaSoft
Step 5 — Claim winnings If your prediction was correct, you claim your payout directly from the smart contract. No waiting for a platform to process your withdrawal. No counterparty risk. The contract executes automatically.
Why Movement Is the Right Chain for BRKT
Running a prediction market on a blockchain has specific technical requirements that most chains struggle to meet.
Prediction markets need fast, cheap transactions. Every position update, every trade, every resolution involves on-chain activity. On Ethereum mainnet, the gas costs alone would make small-position trading uneconomical. Movement’s low fees and parallel execution make even small predictions viable.
Prediction markets also need reliable finality. If a transaction is pending or reversible, traders can’t trust that their position is locked in before an event starts. Movement’s fast finality guarantees that once your position is confirmed, it’s settled — no reorgs, no uncertainty.
The Move programming language also provides meaningful security advantages for prediction market smart contracts specifically. The resource-oriented model prevents the kind of asset duplication bugs that have caused exploits on EVM-based prediction platforms, where smart contract vulnerabilities allowed attackers to drain collateral pools.
BRKT vs Polymarket — The Honest Comparison
Polymarket is the dominant prediction market platform right now with the deepest liquidity and widest market selection. BRKT is smaller and newer. Here’s an honest comparison:
What Polymarket does better: Liquidity depth is significantly higher on Polymarket. More money means tighter spreads and easier entry and exit on large positions. Market selection is also broader — Polymarket has thousands of active markets at any time.
What BRKT does differently: The bracket format is genuinely unique — Polymarket has no equivalent. Hookt’s mobile-first UX targets a different and much larger audience than Polymarket’s desktop-focused interface. Building on Movement means lower fees for small-position traders who are priced out of Ethereum-based platforms. And being early-stage means BRKT has more room to grow.
The ecosystem angle: BRKT is building within the Movement ecosystem, which means it benefits from and contributes to the broader community of protocols, users, and liquidity that Movement is developing. As Movement grows, BRKT’s addressable market grows with it.
The Risks — What You Should Know
Liquidity is still thin on many markets. With 300,000 users but a young ecosystem, some BRKT markets don’t have deep enough liquidity to support large positions without significant price impact. Check the total liquidity in a market before sizing your position.
Oracle risk is real. Every prediction market depends on oracles to deliver accurate real-world outcomes on-chain. If an oracle is compromised, delayed, or provides incorrect data, market resolution can be disputed or incorrect. Settlement process disruptions through oracle exploits represent a meaningful risk — attackers may use flash loans to temporarily manipulate the data feeds used to determine a market’s resolution criteria. IdeaSoft
Prediction markets are zero-sum. Unlike DeFi yield strategies where everyone can earn simultaneously, prediction markets have winners and losers. For every correct prediction that pays out, someone else lost their position. This isn’t a passive yield mechanism — it requires genuine skill and information advantage to generate consistent returns.
Regulatory uncertainty. Prediction markets occupy a legally ambiguous space in many jurisdictions. Depending on where you live, participating in prediction markets may have legal implications. Always check your local regulations before participating.
Smart contract risk. BRKT is still relatively young and its contracts are still accumulating the track record that mature protocols have. As with any new protocol, start with amounts you’re comfortable testing with.
The Honest Assessment
BRKT is building something genuinely interesting on Movement — not just another AMM or lending protocol, but a prediction market that combines the familiarity of sports brackets with on-chain transparency and a mobile-first UX designed to reach people who have never touched DeFi.
In less than 6 months, BRKT attracted over 300,000 users — which is real traction, not just testnet activity. The bracket format is a genuine product innovation that differentiates it from Polymarket and every other prediction market in the space. RootData
The platform is early. Liquidity is still building. But the combination of a unique product format, Movement’s low-fee infrastructure, mobile onboarding through Hookt, and institutional backing from Foresight Ventures and Movement Labs gives BRKT a credible foundation for growth.
For Movement ecosystem participants, BRKT represents something the DeFi stack alone can’t provide: a reason to engage with on-chain activity that has nothing to do with yield farming or token speculation — and everything to do with your opinion on who wins the next big tournament.
This post is for educational purposes only. It does not constitute financial advice. Always conduct your own research before interacting with any protocol.
