Binance to launch prediction market feature within its wallet app via Predict.Fun
Binance is integrating a third-party prediction market feature, powered by Predict.Fun, directly into its Binance Wallet app.Summary
Binance is beta-testing the integration of an in-app prediction market feature within its Binance Wallet, partnering with Predict.Fun, a protocol on BNB Smart Chain. Prediction markets allow users to trade on real-world outcomes, where each outcome (yes/no) is represented by a share priced between $0.01 and $0.99 reflecting perceived likelihood. Users will need a separate prediction account for these event contracts. This move follows a trend among major crypto exchanges, such as Coinbase and Crypto.com, entering the growing prediction market sector, which has seen monthly volumes surpass $20 billion. Despite the growth, the sector faces regulatory scrutiny, prompting platforms like Kalshi and Polymarket to implement measures against insider trading.
(Source：The Block)