Myriad Moves: Big Bitcoin Buys, NBA Playoff Madness, and Switch 2 Price Switch-Ups

In brief Myriad Markets top markets this week include the size of Strategy’s next Bitcoin buy, the NBA playoffs, and Switch 2 pricing. Predictors think Strategy (MSTR) will add more than 10,000 Bitcoin, continuing the recent trend. Odds on Myriad have swung to favor the Oklahoma City Thunder to win the NBA Championship, even more than on traditional sportsbooks. As one of crypto’s fastest-growing consumer applications, prediction markets allow users to show off their knowledge of politics, pop culture, sports, gaming, and more. On Myriad Markets, predictors can use USDC or Myriad Points and participate in real-time markets that track the likelihood or probability of an event occurring in the real world. Whether it’s predicting crypto prices or which team will win the big game, users can win big if they foresee an accurate result. What are predictors flocking to this week? Check out some of the most intriguing Myriad markets taking place right now. (Disclaimer: Myriad Markets is a product of Decrypt ’s parent company, DASTAN.) Strategy (MSTR) Bitcoin purchases above 10,000 BTC this week (May 13-19)? Market Open: May 13 Market Close: May 17 Volume: $5.37K A new flash market on Myriad asks predictors to decide not whether Michael Saylor’s Strategy (formerly MicroStrategy) will buy Bitcoin, but rather how much the firm might buy. The largest publicly traded holder of the top crypto asset, Strategy now owns 568,840 Bitcoin, more than $58 billion worth at today’s prices, and adds to its coffers nearly every week. Just this week, the firm said that it added 13,390 Bitcoin —valued at more than $1.3 billion— to its evergrowing BTC treasury over the previous week. However, while the firm is committed to “ buying the top forever ,” the size of its buys is highly variable and its denomination in Bitcoin depends on the price. In other words, the higher the price of Bitcoin, the fewer BTC received for the same dollar amount. And Bitcoin’s price has been on the rise, jumping 2.4% in the last week and more than 22.5% in the last month to today’s mark of $103,572. While Strategy’s last two purchases have been well beyond the 10,000 BTC mark that the Myriad line has set, the two that preceded it were well under, tallying 10,015 BTC when combined. But predictors expect Saylor to add to his stack in a major way this week, putting the odds of Strategy adding 10,000 or more Bitcoin to its treasury at nearly 68.4% as of Thursday morning. That mark is up nearly 18% since the market opened on Tuesday, sending odds of “no” down to just 31.6% in the process. Interestingly, Myriad points predictors—which make no financial commitment—give the chance of Saylor purchasing more than 10,000 Bitcoin at just 53%. Despite Q1 losses, the Tysons, Virginia-based firm recently doubled down on its intentions to buy Bitcoin, effectively doubling its 21/21 plan which aimed to raise $42 billion for Bitcoin purchases to a 42/42 plan for $84 billion. That’s enough to buy far more than 10,000 Bitcoin. What’s Next? Saylor routinely makes his Bitcoin announcements on Mondays. Stay tuned for a potential update after the weekend. Who Will Become the 2025 NBA Champion? Market Open: April 14 Market Close: June 4 Volume: $35.4K Myriad’s most hectic prediction market maintained its volatility this week as the absurdity of the NBA Playoffs continued. In last week’s update , predictors on Myriad were slightly discounting the odds of the Oklahoma City Thunder or Boston Celtics taking the crown this year when compared to traditional sportsbooks. But things have completely changed, and now predictors are comparatively a smidge too high on both teams as the odds have shifted dramatically—up for the Thunder, and down for the Celtics. Last Thursday, predictors on Myriad gave the Boston Celtics around a 22% chance of repeating as NBA Champions, just below that of DraftKings Sportsbook. But since losing Jayson Tatum to injury and falling behind in the series to the New York Knicks, those odds have now shriveled on Myriad to 6.6% or around a 14:1 chance to win. However, DraftKings offers 17:1 on the Celtics, about a 5.5% implied probability or a difference of about 1.1% when compared to Myriad. The Thunder at 57.4% offer around a 2% difference when compared to DraftKings line, which places them closer to 55.56% in the traditional sports betting market. While those percentages may seem small, collectively they offer a nearly 3% edge to “other” predictors on Myriad who are rooting for the remaining teams. What’s Next? OKC will play the Nuggets on Thursday night, with a chance to advance to the Western Conference Finals with a win. Boston will face elimination once more in game six on Friday in New York. Will Nintendo Raise the Switch 2’s $449.99 MSRP by the End of June 5? Market Open: April 11 Market Close: June 5 Volume: $45.6K Persistent volatility in President Donald Trump’s trade dealings and tariff announcements has left many consumers wondering about the price of goods, including that of their gaming consoles. Earlier this month, Microsoft announced price changes to its Xbox consoles and controllers, citing “market conditions and the rising cost of development.” Sony too changed the price of its PS5 console in select markets. On the other hand, Nintendo said in April that it will maintain its Switch 2 launch pricing, and predictors on Myriad are taking the firm’s word for it. Odds for the market, which opened shortly after Nintendo delayed pre-orders for the device in the U.S., stand at nearly 89% that the Japanese gaming giant will hold firm on its Switch 2 MSRP price of $449.99. Those odds have hardly wavered since jumping around 20% from just 68% “no” in the morning on April 18, the same day the gaming giant reaffirmed its commitment to the $449.99 mark. Will the macroeconomic backdrop, gamers, and Myriad predictors avoid a surprise move from the Trump administration in the weeks before the handheld’s release? It may be too early to tell. What’s Next? Pre-orders for the Switch 2 opened on April 24 and its release is scheduled for June 5. Edited by Andrew Hayward Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Source: https://decrypt.co/320280/myriad-moves-bitcoin-buys-nba-playoffs-switch-2-price