Binance has rolled out a prediction markets feature within its Binance Wallet, allowing users to trade on the outcomes of real-world events without leaving the app. The integration connects the wallet to Predict.fun, a decentralized application built on BNB Smart Chain and developed by a former Binance employee. The feature is being introduced gradually and is not available across all regions where Binance operates.
Through the new offering, users can take positions on events such as elections, sports results, and economic indicators. Prices for prediction contracts range from $0.01 to $0.99, reflecting market-implied probabilities. Traders can use existing balances from their Binance spot or funding accounts, while Binance absorbs blockchain gas fees to reduce costs and lower entry barriers for retail users.
Binance said it does not operate the prediction markets or act as a counterparty to trades. Instead, it simply provides access to a third-party application via a keyless wallet system designed to distribute private key control and reduce single points of failure. Users must also create a separate prediction account before participating.
The launch comes amid a sharp rise in prediction market activity, with monthly trading volumes surging more than 200-fold over the past two years, climbing from under $100 million to over $20 billion, according to TokenTerminal data.
The sector remains heavily concentrated, led by Polymarket and Kalshi, which together account for more than 97% of total market share. Both platforms have attracted growing institutional attention, with Kalshi recently raising $1 billion at an $11 billion valuation, while Polymarket has reportedly secured up to $2 billion in commitments tied to the owner of the New York Stock Exchange.
