Binance has added a prediction market feature to its Binance Wallet, giving users a way to trade on the probabilities of real-world events without leaving the app.
The rollout connects Binance Wallet with Predict.fun, a decentralized platform built on the BNB Smart Chain, and is not supported in all regions where the exchange operates. Built by a former Binance employee, the platform lets users earn profits while positions remain open.
Prediction markets let users buy stocks linked to outcomes such as election results, sports matches or economic data releases and have seen their popularity explode. Prices range from $0.01 to $0.99 and reflect audience estimates of probability.
Users can now make trades with funds already held in Binance spot or funding accounts. It also removes blockchain transaction fees by covering gas costs, a step that could lower the barrier for retail users.
Binance said the feature runs through a keyless wallet system, which divides control over private keys to reduce single points of failure. Users must create a separate prediction account to access the service.
The company does not operate the markets directly or act as a counterparty, it says. Instead, it provides access to a third-party application.
The move comes after the prediction markets’ monthly trading volume increased 200-fold in the past two years from less than $100 million to more than $20 billion, according to TokenTerminal data.
The prediction markets are currently dominated by Polymarket and Kalshi, which together capture more than 97% of the market and have grown steadily while gaining institutional backing. Kalshi recently secured $1 billion in funding at a valuation of $11 billion, and Polymarket is looking at up to $2 billion in commitments from the owner of the New York Stock Exchange.
