Key Highlights
- Binance Co-Founder CZ spotlights Predict.fun, a BNB Chain prediction market where users can bet while earning yield on locked funds.
- Predict.fun has about 12,000 users and $300K in volume, still small compared with larger platforms like Polymarket and Kalshi.
- BNB Chain leads in active wallets, nearly doubling addresses in a year, giving Predict.fun access to a broad user base.
Binance Co-Founder Changpeng “CZ” Zhao recently highlighted a new prediction market called Predict.fun, built on the BNB Chain. The platform lets users place bets on events while earning yield on the funds they lock in.
In his post on X, CZ noted that the creator previously worked at Binance and that the project received support from YZiLabs. However, he clarified that his post was not to be taken as an endorsement.
Current status of Predict.fun
Predict.fun is still small compared with major prediction markets. It reports about 12,000 users and roughly $300,000 in market volume. By contrast, established platforms like Polymarket and Kalshi handle significantly larger trading activity.
The scale gap in prediction markets is significant. Polymarket has seen over $3 billion in trading volume, Kalshi around $587 million, while smaller platforms like Limitless account for just $10.9 million, highlighting the dominance of established players.
Predict.fun is leaning on the strength of BNB Chain’s large and active user base, which currently leads all blockchains in active wallets, with the number of active addresses nearly doubling over the past year.
Token Terminal estimates the chain now holds about 25% of the market by active users. This broad reach could help Predict.fun attract participants, though it doesn’t guarantee sustained liquidity or long-term engagement.
Separately, Trust Wallet, owned by CZ, rolled out a new “Predictions” feature that allows its 220 million users to trade on sports, politics, and other events directly in the app. The feature is powered by Myriad and will later integrate with Polymarket and Kalshi, turning the wallet into a more comprehensive trading tool.
BNB Chain’s broader strategy
These developments come after previous actions focused on prediction markets within the BNB Chain. This includes the integration with Polymarket in October and the mainnet launch of Opinion Labs, which is another project supported by YZiLabs.
Opinion Labs secured funding to create forecasting tools and data services. However, it encounters challenges typical for new markets, such as regulatory issues and the need for sufficient liquidity.
Overall, CZ and the BNB Chain ecosystem appear focused on making prediction markets a larger part of their platform. With forecasting markets gaining global attention, success will depend on liquidity, user retention, and how quickly these services can grow to compete with larger, more established platforms.
Also Read: CNN Partners with Kalshi for Real-Time Prediction Data
