TLDR
- Binance has added prediction market access to its Wallet through Predict.fun.
- Eligible users can trade on real-world event outcomes without leaving the Binance app.
- The feature lets users use funds already held in spot or funding accounts.
- Binance covers gas fees for these trades, which lowers transaction costs for users.
- Users must create a separate prediction account before they can access the service.
Binance has added prediction market access to Binance Wallet through Predict.fun. The launch lets users trade event odds inside the app. It also lets eligible users move funds from spot or funding accounts.
Binance prediction market opens through Wallet link
The rollout connects Binance Wallet to Predict.fun on BNB Smart Chain. Predict.fun was built by a former Binance employee.
Binance said the feature is unavailable in some regions where the exchange operates. Users must open a separate prediction account before they can trade.
The company said users can place trades without moving assets outside the app. Binance also said it covers gas costs for those transactions.
That setup removes blockchain network fees for eligible users on the service. As a result, Binance lowers one cost that often affects retail participation.
Prediction markets let users buy shares tied to real-world outcomes. Those outcomes can include elections, sports matches, and economic data releases.
Prices range from $0.01 to $0.99 and reflect crowd estimates. A higher price signals a higher implied probability for that result.
Binance said the product uses a keyless wallet system for access. The system splits private key control to reduce single points of failure.
The company also said it does not run the markets directly. Instead, Binance provides access to a third-party application inside Wallet.
Volumes rise as Binance joins a crowded segment
TokenTerminal data shows that the monthly prediction market volume has climbed sharply. The data shows a 200-fold growth over the last two years.
Monthly trading volume rose from under $100 million to above $20 billion. That increase has pushed prediction markets deeper into mainstream crypto trading.
Polymarket and Kalshi still control more than 97% of the market. Both platforms have expanded while drawing stronger institutional backing.
Kalshi recently secured $1 billion in funding at an $11 billion valuation. That fundraising underlined demand for event-based trading platforms.
Polymarket has also drawn large financial support in recent months. The owner of the New York Stock Exchange has committed up to $2 billion.
Binance framed its new Wallet feature as an access layer, not an exchange-run market. The company said it acts neither as operator nor counterparty.
Instead, users reach Predict.fun through Binance Wallet and place event trades there. Open positions can also earn yield while markets remain active.
The launch gives Binance millions of app users direct prediction market access. Binance said availability depends on regional support and account setup rules.
🚨 Our April Stock Picks Are Live!
A new month means new opportunities. Our analysts have just released their top stock picks for April, highlighting companies with strong momentum that rank highly on our KO Score algorithm. We’re also now sharing trade ideas for both long-term and short-term investors, giving you more ways to spot potential opportunities in the market.
Sign up to Knockout Stocks today and get 50% off to unlock the full list and see which stocks made the cut.
Use coupon code Special50 for your exclusive discount!
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
