Binance founder Zhao Changpeng (CZ) is rapidly expanding his influence in the prediction market space. He has launched a new prediction market on the BNB Chain, while his owned Trust Wallet has added prediction trading features for its 220 million users.
These developments continue the integration of BNB Chain with Polymarket in October, as well as the mainnet launch of Opinion. Together, these initiatives aim to position BNB Chain as a key hub for decentralized prediction markets, following the record trading volume of $7.4 billion in October's prediction markets.
CZ prominently showcases the new prediction platform and includes a disclaimer
On December 4th, CZ announced on X the launch of a new prediction market on the BNB Chain. He highlighted a key feature: user funds will earn yield while awaiting results. The platform is supported by YZiLabs (formerly Binance Labs), managing over $10 billion in assets and having invested in more than 300 projects globally.
Despite CZ promoting the platform, he included disclaimers. He explicitly stated that the founders are former Binance employees and emphasized that the post is not an official endorsement. Nevertheless, the platform's homepage still displays his images with public figures like Donald Trump and Faker, highlighting the promotional value of his involvement.
In October, YZiLabs announced the establishment of a $1 billion fund focused on the BNB ecosystem. The focus is on DeFi, tokenization of real-world assets, wallets, artificial intelligence, and payments. The fund has already supported over 65 projects, aiding the development of the BNB Chain.
Trust Wallet launches predictive trading for millions of users.
Just a day before CZ's update, Trust Wallet released its prediction feature, with Web3 prediction market protocol Myriad becoming the first integration partner. This allows users to place bets on political, sports, and market trends within the app. This feature transforms Trust Wallet from a basic storage solution into a complete DeFi platform.
The new feature aligns with Trust Wallet's strategy, aimed at competing with MetaMask and other major wallets. Myriad's integration on the BNB Chain offers users low-fee trading, leveraging the network's speed and cost efficiency. Users can trade using BNB or stablecoins like USDC without bridging or manual cross-chain transfers.
BNB Chain delves into prediction market infrastructure.
These releases are based on work completed in October. The BNB Chain has integrated Polymarket, allowing users to participate in high-volume prediction markets on the BNB Smart Chain. This collaboration enables users to predict real-world events without leaving the BNB ecosystem.
The launched market predicts that BNB will reach a new all-time high of $1500 by the end of 2025. This move aims to establish the BNB Chain as a leader in real-world DeFi utilities, going beyond token swaps and yield farming.
Opinion Labs, a prediction market provider supported by YZi Labs, launched its mainnet on October 23. The service debuted on the BNB Chain, offering whitelist access to users and core community members, and introduced a refund and points system to reward early users.
Opinion Labs secured millions in investment at Binance Blockchain Week, with partners including ASTER and World Liberty Financial. By the first quarter of 2025, Opinion Labs had raised $5 million in seed funding, led by YZi Labs, with participation from Animoca Ventures, Amber Group, Manifold, and Echo Community.
This funding aims to expand the decentralized prediction infrastructure of the BNB Chain. Opinion Labs facilitates the benefits of uncensored event predictions, hedging options, and data aggregation insights. However, the platform faces common challenges, including regulatory complexities and the demand for broad liquidity for price discovery.
CZ's strategic bets on predicting the future.
From elections and sports to milestones in artificial intelligence and macroeconomic changes, prediction markets turn decentralized knowledge into actionable signals. Platforms like Polymarket, with over $2 billion in trading volume in October 2024, prove that decentralized markets can even surpass centralized predictors.
CZ and participants in the BNB Chain ecosystem are exploring a dedicated oracle layer to accommodate the growing demand for prediction markets. This comes as prediction markets like Kalshi—valued at $5 billion following recent funding—and Polymarket—valued between $12 billion and $15 billion—soar to multi-billion dollar valuations amid rising institutional interest.
Large wallets are increasingly adding tools that go beyond token transfers, aimed at keeping users within a single application. Trust Wallet's CEO Eowyn Chen said, 'Wallets are becoming homes for various transactions—not just tokens, but also information, opinions, and expectations.'
When CZ showcased the prediction market, all eyes were on him to see if he could lay the foundation for a new generation of prediction market platforms competing with Polymarket.
