Nigerian crypto startup, Busha, went live with Signal this month, a licensed prediction market platform where users can trade on outcomes across sports, crypto, politics, culture, and economics. Luno, a UK-headquartered crypto exchange with a significant African footprint, launched its own structured Crypto Prediction Market product in Nigeria and South Africa in March, allowing users to bet on whether Bitcoin, Ether, Solana, Dogecoin and XRP will finish above or below a target price within 24 hours. Both moves come as the broader crypto industry grapples with the emerging reality that prediction markets are eating into the revenue that exchanges have long derived from spot trading.