Binance Wallet is preparing to launch a new prediction market feature, aggregating services from third-party providers rather than building its own market infrastructure. According to data from the wallet's website cited by Wu Blockchain, the primary provider for this integration is Predict (Predict.fun), a decentralized prediction market protocol operating on the BNB Smart Chain.
The feature will allow users to place bets on future outcomes across a wide range of categories, including sports, economics, world events, and cryptocurrency markets. To access the new service, Binance customers will need to update their mobile applications to version 3.11.1 on iOS or 3.11.2 (or later) on Android. Once updated, the prediction market section will be prominently displayed at the top of the Markets page within the wallet.
Users will be able to trade using USDT directly from their spot or funding accounts, creating a seamless experience within the Binance ecosystem. The company clarified that its ADGM (Abu Dhabi Global Market) entities are not providing the prediction market services themselves; the wallet acts as an access layer, integrating external protocols for easier user access.
This move follows similar initiatives by competitors like Coinbase and Crypto.com, which have also entered the predictions market industry through partnerships or standalone products. The broader prediction market sector has seen significant growth, with platforms like Kalshi and Polymarket gaining popularity. Kalshi recently closed a $1 billion investment round, valuing the company at $22 billion, while Polymarket raised $600 million from the Intercontinental Exchange.
Despite the growth, prediction markets face regulatory challenges in certain jurisdictions, with several countries, including Argentina, having banned their services.
