Polymarket Faces New Rival as Binance Wallet Tests Prediction Markets
Binance is beta-testing an in-app prediction market function inside its Wallet app, powered by BNB Smart Chain protocol Predict.enjoyable.
The crypto trade confirmed it can combination prediction market entry from third-party suppliers. Users will commerce yes-or-no shares on real-world occasions, priced between $0.01 and $0.99 primarily based on crowd consensus.
Binance Joins a Crowded Race
Predict.enjoyable launched in December 2025 and has processed over $1.5 billion in cumulative buying and selling quantity throughout greater than 120,000 customers. The protocol acquired rival Probable in March 2026 to consolidate BNB Chain liquidity.
According to Trust Wallet, its core differentiator is yield-bearing collateral. Deposited funds earn DeFi yield by means of protocols like Venus whereas positions stay open. That addresses idle capital, a persistent ache level on platforms like Polymarket.
Binance would require customers to arrange a devoted prediction account, separate from spot holdings. The rollout date and supported jurisdictions stay undisclosed.
Growing Sector, Growing Scrutiny
Prediction markets have surpassed $20 billion in month-to-month buying and selling quantity in 2026, up from $1.2 billion in early 2025.
Kalshi posted $12.35 billion in March alone, whereas Polymarket crossed $10 billion for the primary time, in line with DeFi Rate.
However, U.S. Senators Adam Schiff and John Curtis launched the Prediction Markets Are Gambling Act in March, searching for to bar sports and casino-style contracts from CFTC-registered platforms.
Both Kalshi and Polymarket have since tightened controls on insider trading and market manipulation.
Binance’s entry, centered exterior the U.S. by means of a self-custody pockets, might sidestep a few of that regulatory friction whereas tapping right into a fast-growing world consumer base.
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