Binance launches prediction market functionality across its app for a global user base.

Binance has introduced a prediction markets feature in its Binance Wallet, enabling users to speculate on real-world event outcomes directly within the app. The integration connects Binance Wallet to Predict.fun, a decentralized application built on BNB Smart Chain and developed by a former Binance employee. The rollout is phased and not available in all jurisdictions where Binance operates.

The new feature allows users to trade on events including elections, sports results, and macroeconomic data releases. Contract prices range from $0.01 to $0.99, reflecting implied probabilities based on market sentiment. Users can fund positions using existing balances in their Binance spot or funding accounts, while Binance covers blockchain gas fees to reduce transaction costs and improve accessibility for retail users.

Binance stressed that it does not run the prediction markets or take the opposing side of trades. Instead, it acts as an access layer to a third-party platform through a keyless wallet architecture designed to distribute control of private keys and minimize single points of failure. A separate prediction account is required to participate.

The launch comes as prediction markets continue to expand rapidly, with monthly trading volumes rising more than 200-fold over the past two years, from under $100 million to over $20 billion, according to TokenTerminal data.

The sector remains dominated by Polymarket and Kalshi, which together account for over 97% of market activity. Both platforms have attracted significant institutional interest, with Kalshi recently securing $1 billion in funding at an $11 billion valuation, while Polymarket has reportedly obtained up to $2 billion in commitments linked to the owner of the New York Stock Exchange.

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