CZ Walks to Center Stage of Prediction Markets
Binance founder Changpeng Zhao (CZ) is quickly increasing his affect within the prediction market house. He launched a brand new prediction market on BNB Chain, whereas Trust Wallet, which he owns, added prediction buying and selling options for its 220 million customers.
These developments proceed BNB Chain’s October integrations with Polymarket and the launch of the Opinion mainnet. Together, these strikes purpose to place BNB Chain as a key hub for decentralized forecasting markets, following October’s file $7.4 billion in prediction market volumes.
CZ Highlights New Prediction Platform with a Disclaimer
On December 4, CZ posted on X a couple of new prediction market launching on BNB Chain. He identified a key function: consumer funds generate yield whereas awaiting outcomes. The platform is backed by YZiLabs (previously Binance Labs), which manages over $10 billion in belongings and has invested in additional than 300 initiatives globally.
Although CZ promoted the platform, he included a disclaimer. He clarified that the founder was a former Binance worker and careworn the submit was not an official endorsement. Despite this, the platform’s homepage options his picture alongside public figures like Donald Trump and Faker, highlighting the promotional worth of his involvement.
In October, YZiLabs introduced a $1 billion fund dedicated to the BNB ecosystem. It focuses on DeFi, real-world asset tokenization, wallets, AI, and funds. The fund has already supported over 65 initiatives, serving to drive BNB Chain’s growth.
Trust Wallet Launches Prediction Trading for Millions of Users
Just someday earlier than CZ’s replace, Trust Wallet launched its Predictions feature, with Web3 prediction market protocol Myriad becoming a member of as the primary integration accomplice. This allows customers to guess on politics, sports activities, and market traits inside the app. The addition transforms Trust Wallet from a fundamental storage answer into an entire DeFi platform.
The new function aligns with Trust Wallet’s technique to compete with MetaMask and different main wallets. The Myriad integration on BNB Chain provides customers low-fee buying and selling, leveraging the community’s velocity and price effectivity. Users can commerce utilizing BNB or stablecoins like USDC, with out bridges or guide cross-chain transfers.
BNB Chain Deepens Prediction Market Infrastructure
These launches construct on work accomplished in October. BNB Chain integrated with Polymarket, permitting customers to be part of high-volume prediction markets on BNB Smart Chain. The partnership lets customers forecast real-world occasions with out leaving the BNB ecosystem.
Launch markets included predictions that BNB would attain a brand new all-time high of $1,500 by the tip of 2025. This transfer goals to make BNB Chain a frontrunner in real-world DeFi utilities, past token swaps and yield farming.
Opinion Labs, the community’s prediction market supplier backed by YZi Labs, launched its mainnet on October 23. The service launched completely on BNB Chain, providing whitelist entry to customers and core group members, and launched a rebate and factors system to reward early adopters.
Opinion Labs secured a multi-million greenback funding at Binance Blockchain Week, with companions together with ASTER and World Liberty Financial. In Q1 2025, Opinion Labs raised $5M in seed funding, led by YZi Labs with participation from Animoca Ventures, Amber Group, Manifold, and Echo Community.
This funding seeks to increase BNB Chain’s infrastructure for decentralized forecasting. Opinion Labs promotes advantages similar to uncensored occasion forecasting, hedging choices, and combination knowledge insights. Yet, the platform faces widespread challenges, together with regulatory complexity and the necessity for ample liquidity for worth discovery.
CZ’s Strategic Bet on the Future of Forecasting
From elections and sports activities to AI milestones and macroeconomic shifts, prediction markets rework scattered information into actionable indicators. Platforms like Polymarket, which noticed over $2B in quantity in October 2024, show that decentralized markets may even outperform centralized forecasters.
CZ and BNB Chain ecosystem gamers are exploring a devoted oracle layer tailor-made to the rising wants of prediction markets. This comes as prediction markets like Kalshi — $5B after current funding — and Polymarket — valued at $12–$15B — have surged to multi-billion-dollar valuations amid growing institutional curiosity.
Large wallets are more and more including instruments that transcend token transfers, aiming to hold customers inside a single app. Trust Wallet CEO Eowyn Chen stated, “Wallets have gotten the house for all types of buying and selling — not simply tokens, but additionally info, opinions, and expectations.”
As CZ walks to the middle stage of prediction markets, all eyes are on whether or not he can present the house base for next-generation prediction market platforms competing with Polymarket.
The submit CZ Walks to Center Stage of Prediction Markets appeared first on BeInCrypto.
