Polymarket Faces New Rival as Binance Wallet Tests Prediction Markets

Binance is introducing a new competitor to Polymarket by testing an in-app prediction market feature within its Wallet application, leveraging the BNB Smart Chain protocol Predict.fun. This feature will allow users to trade yes-or-no shares on real-world events, with prices fluctuating between $0.01 and $0.99 based on crowd consensus. Predict.fun, which launched in December 2025 and has processed over $1.5 billion in volume, differentiates itself by offering yield-bearing collateral on deposited funds via protocols like Venus, addressing the idle capital issue common on platforms like Polymarket. While the rollout details are unknown, Binance's entry into this rapidly growing sector—which surpassed $20 billion in monthly volume in 2026—comes amid increasing regulatory scrutiny, such as the proposed Prediction Markets Are Gambling Act in the U.S. Binance's self-custody wallet approach may help it navigate some regulatory hurdles.

(Source：BeInCrypto)