Binance Adds Prediction Markets to Wallet

Binance, the world's largest cryptocurrency exchange, announced on March 31 the integration of a prediction market feature into its self-custody wallet, allowing users to speculate on real-world events directly through the app interface. The feature aggregates decentralized platforms from third-party providers, with Predict.fun serving as the primary partner, a protocol built on the BNB Smart Chain.

This development enables Binance Wallet users to trade on outcomes related to politics, sports, cryptocurrency prices, elections, and global events without needing to navigate external applications. Shares for each event's yes or no outcomes are priced between 0.01 and 0.99 USDT, reflecting participants' collective assessments of probabilities. Transactions use USDT drawn from spot or funding accounts, and users must create a separate Prediction Account, distinct from standard trading accounts. To access the feature, iOS users require version 3.11.1 or later, while Android users need 3.11.2 or higher. The prediction section will appear prominently at the top of the Markets page once rolled out.

Binance is beta testing the in-app access to on-chain prediction markets through this...