Binance has added a market prediction feature to its Binance Wallet, giving users a way to trade the probability of real-world events without leaving the app.
The launch connects Binance Wallet with Predict.fun, a decentralized platform built on BNB Smart Chain and is not supported in all regions in which the exchange operates. The platform was built by a former Binance employee and allows users to earn returns while positions remain open.
Prediction markets allow users to buy stocks linked to outcomes such as election results, sports matches or economic data releases and have seen their popularity explode. Prices range from $0.01 to $0.99 and reflect crowd estimates of probability.
Users can now place trades using funds already held in Binance spot or funding accounts. It also eliminates blockchain transaction fees by covering gas costs, a step that could lower the barrier for retail users.
Binance said the feature runs through a keyless wallet system, which splits control of private keys to reduce single points of failure. Users must create a separate prediction account to access the service.
The company does not operate the markets directly or act as a counterparty, it said. Instead, it provides access to a third-party application.
The move comes after monthly trading volumes for prediction markets increased 200-fold over the past two years, from less than $100 million to more than $20 billion, according to data from TokenTerminal.
The prediction markets are currently dominated by Polymarket and Kalshi, which together capture over 97% of the market and have been growing steadily while gaining institutional backing. Kalshi recently raised $1 billion in financing at a valuation of $11 billion, and Polymarket secured up to $2 billion in commitments from the owner of the New York Stock Exchange.
