Binance founder Changpeng “CZ” Zhao has announced Predict.fun, a new prediction market built on BNB Chain. Shared in a post on X, the platform—developed by a former Binance employee—enables users to earn yield on their funds while keeping positions open, allowing traders to generate passive income as events resolve.
The launch addresses a longstanding inefficiency in prediction markets, where capital is typically locked up without earning any return during the waiting period.
Prediction markets remain heavily concentrated. Polymarket has seen over $3 billion in total trading volume, far ahead of Kalshi’s $587 million, while smaller platforms like Limitless have cleared just $10.9 million, according to Polymarket Analytics. New entrants often experience short-term activity spikes from reward campaigns but struggle to retain users once incentives end.
Predict.fun draws support from BNB Chain, which leads all blockchains in active wallets and has nearly doubled its active addresses over the past year. Token Terminal estimates BNB Chain holds a 25% market share in the space.
However, limited stablecoin issuance on BNB Chain constrains liquidity for Predict.fun. The platform’s near-term challenge is generating consistent trading volume and competing with smaller rivals like Limitless. While the chain’s large user base provides an advantage, success is not guaranteed in a market where liquidity dynamics favor established players.
