Binance, the world’s largest Bitcoin (BTC) and cryptocurrency exchange, revealed today (March 31) that it is testing prediction market functionality within its applications, in a new move into a hot area within the digital asset ecosystem.
According to the company’s FAQ page, This functionality will be integrated into Binance Wallet through a third-party provider, with Predict.fun being the primary partner at this stage.a prediction market protocol developed on the BNB Smart Chain network.
Prediction markets allow users to determine their position on the outcome of real-world events such as elections, sporting competitions, cultural events, and other events.
In this system, each possible outcome (e.g., “yes” or “no”) is represented as a stock whose price can vary between $0.01 and $0.99, depending on the probability that the market collectively assigns.
According to Binance, users will need to create a specific account to interact with these contracts. That account is separate from spot trading and fund accounts. will use technology to work keyless Binance wallet.
The company also clarified that prediction market services are not provided by Abu Dhabi Global Market (ADGM) entities, but through third-party aggregations.
For now, Binance has not disclosed when it will officially launch this feature or in which jurisdictions it will be available.
In fact, the company itself warns that its prediction markets may not work in all countries and regions. He also said that users must have the latest version of the Binance app to see the “prediction” option within the app.
In this regard, a company spokesperson explained in an interaction with the press that this is a beta test that allows access to on-chain prediction markets within the app through external integration. According to the explanation, The goal is to expand the range of tools available within the Binance wallet.
This decision was taken against the backdrop of growth in the sector. As reported by CritpoNoticias, other platforms in the ecosystem are already moving in the same direction. American exchange Coinbase Expands prediction market services in the U.S. in January through partnership with CalsiMeanwhile, Crypto.com launched an independent platform called OG in February.
The growth of this sector can be clearly seen in the monthly forecast market volume graph provided by on-chain analytics firm Dune Analytics.
The stacked bar shows total trading volume increasing steadily from mid-2024 to over $20 billion per month in 2026. The green color of the base corresponds to Kalshi, while the blue color represents Polymarket, the two leading companies in this segment.
but, This segment also raises questions. On March 11, U.S. senators introduced an effort to block contracts related to sports and casino-style gaming from being cited on registration platforms such as Polymarket.
At the same time, operating companies such as Karshi and Polymarket began to strengthen measures against market abuse, insider trading, and manipulation.
However, Binance’s entry into this business is actually reinforcing the expansion of prediction markets within the industry.
(Tag Translation)Binance
