Binance, the world’s largest crypto exchange, on Tuesday said it is rolling out a new prediction market feature directly within its self-custody crypto wallet. This allows users to speculate on the outcomes of real-world events such as sports, politics, and crypto-related developments, without leaving the wallet.
Binance will aggregate prediction market features in its crypto wallet through third-party providers. Predict.fun, a decentralized prediction market protocol operating on BNB Smart Chain, currently serves as the primary provider, according to a FAQ page published on March 31.
Users must create a dedicated Prediction Account, distinct from their spot trading accounts, to participate in event contract trading. Proposals for new events can be submitted exclusively through third-party service providers.
The prediction market feature allows users to trade on real-world outcomes covering a wide range of events, including politics, sports, crypto development, and more. This enables access to multiple prediction platforms while maintaining self-custodial wallet security.
Source: Binance.com
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