VERIFIEDBy Xavier Rivera· ·1 min read
Binance Adds Prediction Markets to Wallet App
Binance integrates Predict.fun prediction markets into its Wallet app, covering gas fees for seamless trading. The move taps into a sector with volumes surging 200-fold to over $20 billion monthly, lowering entry barriers for millions of retail users.
Source:CoinDesk
Binance adds a prediction markets feature to its Binance Wallet, connecting users to Predict.fun on BNB Smart Chain for trading without leaving the app.
The integration covers gas costs and removes blockchain transaction fees to lower barriers for retail users. Users place trades using funds from spot or funding accounts via a keyless wallet system that splits private key control. Predict.fun, built by a former Binance employee, lets users earn yield on open positions, though the feature requires a separate prediction account and isn't available in every region.
Binance does not operate the markets or act as counterparty, instead providing access to the third-party application.
Prediction markets, where users buy shares priced from $0.01 to $0.99 tied to outcomes like election results, sports matches or economic data, see monthly trading volumes exceed $20 billion, up 200-fold in two years according to TokenTerminal data. Polymarket and Kalshi dominate with over 97% market share; Kalshi recently secures $1 billion funding at $11 billion valuation, while Polymarket attracts up to $2 billion commitments from the New York Stock Exchange owner.
The integration covers gas costs and removes blockchain transaction fees to lower barriers for retail users. Users place trades using funds from spot or funding accounts via a keyless wallet system that splits private key control. Predict.fun, built by a former Binance employee, lets users earn yield on open positions, though the feature requires a separate prediction account and isn't available in every region.
Binance does not operate the markets or act as counterparty, instead providing access to the third-party application.
Prediction markets, where users buy shares priced from $0.01 to $0.99 tied to outcomes like election results, sports matches or economic data, see monthly trading volumes exceed $20 billion, up 200-fold in two years according to TokenTerminal data. Polymarket and Kalshi dominate with over 97% market share; Kalshi recently secures $1 billion funding at $11 billion valuation, while Polymarket attracts up to $2 billion commitments from the New York Stock Exchange owner.
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