Cryptocurrency venture capital firm Pantera Capital recently unveiled its research 'Crypto on the Clock,' utilizing the data infrastructure of Surf, a cryptocurrency-specialized AI intelligence platform. This research analyzed the structure, trading volume, fee economics, and participant behavior patterns of near-term crypto prediction markets, which are growing around Polymarket and Kalshi. Through this, it shed light on the microstructure of crypto prediction markets settled on a minute-by-minute and hourly basis. Pantera Capital previously led SurfAI's $15 million investment round, with major institutions such as Coinbase Ventures and Digital Currency Group (DCG) also participating as investors at the time.