Binance has launched a new prediction markets feature inside its Binance Wallet, enabling users to trade on real-world event outcomes directly within the app. The integration links Binance Wallet to Predict.fun, a decentralized application built on BNB Smart Chain and created by a former Binance employee. The rollout is limited and not available in all regions where Binance operates.
The feature allows users to speculate on events such as elections, sports results, and economic data releases. Contract prices range from $0.01 to $0.99, reflecting market-driven probability estimates. Users can trade using funds already held in their Binance spot or funding accounts, while Binance covers blockchain gas fees to reduce transaction friction and make access easier for retail users.
Binance clarified that it does not run the prediction markets or take the opposing side of trades. Instead, it provides access to a third-party platform through a keyless wallet system designed to distribute control of private keys and reduce single points of failure. A separate prediction account is required to use the service.
The launch comes as prediction markets experience explosive growth, with monthly trading volumes increasing more than 200-fold over the past two years, rising from under $100 million to over $20 billion, according to TokenTerminal data.
The space remains dominated by Polymarket and Kalshi, which together account for over 97% of trading activity. Both platforms have seen rising institutional interest, with Kalshi recently raising $1 billion at an $11 billion valuation, while Polymarket has reportedly secured up to $2 billion in commitments linked to the owner of the New York Stock Exchange.
