Nigeria remains one of the most active crypto markets globally, with increasing demand for tools that combine simplicity and transparency.

The market operates daily with clearly defined rules and settlement periods, offering customers structured, time-bound opportunities to act on their conviction.

Luno has launched a structured Crypto Prediction Markets product in Nigeria. By introducing Prediction Markets focused solely on price levels, this allows customers to express a view on whether the price of selected crypto assets, being BTC, ETH, SOL, DOGE, and XRP, will be above or below the daily price event.

Unlike open-ended speculation or traditional price forecasting platforms, Luno’s Prediction Market, powered by Limitless, is focused exclusively on crypto asset price movements within the Luno platform. Customers are not purchasing the underlying asset but participating in a defined, outcome-based market that settles transparently based on real-time price data.

The launch reflects a broader shift in how customer behaviour is evolving in Nigeria’s growing crypto asset ecosystem. As crypto asset adoption matures, many users are seeking more flexible and responsive ways to engage with markets beyond long-term holding or traditional spot trading. Luno’s Prediction Markets product is designed to meet this demand within a familiar and regulated platform environment. The feature builds on how customers already interact with crypto asset prices—analyzing charts, following market news, and forming views—and provides a structured framework for expressing those views.

Speaking about the launch, Ayotunde Alabi, CEO of Luno Nigeria, said, “We are seeing a clear shift in how Nigerians want to engage with crypto assets. Many already follow price movements closely and form strong market views; we want to lead with education as well as provide a safe and secure platform to help them apply that knowledge. This feature is designed to be a natural extension for those who enjoy forecasting. By tying this to our ongoing educational initiatives, such as our scholarships with AltSchool, we are encouraging users to apply what they have learned about market analysis into a practical, responsible framework. Our priority is ensuring that where confidence meets opportunity, it is supported by the standards of trust our customers expect.”

Luno will further support the rollout with “Learn & Earn” educational content and tutorials explaining market mechanics and price determination. To promote informed decision-making and ensure the product is used responsibly, Luno has embedded specific controls:

• Customers must read and acknowledge a risk disclosure before participating. 
• Customers must move funds from their ordinary USDC wallet to a separate Prediction wallet, which will be used to participate in prediction markets.
• Customers cannot hold both sides of the same market (e.g., “Above” and “Below”) at the same time).

Source: IT News Africa