Founder of the cryptocurrency exchange #Binance Changpeng Zhao #CZ announced the launch of the prediction market Predict.fun on the BNB Chain blockchain $BNB .

CZ stated that the service was developed by a former employee of Binance, and the investor was a venture firm #YziLabs (formerly Binance Labs). Predict.fun allows users to make predictions on events while simultaneously earning profits from locked assets for the entire duration that the bet remains open, Zhao noted.

CoinDesk emphasized that currently, there are two markets available on the platform with a total betting volume of around $300,000. The total number of users exceeds 12,000.

However, according to journalists, despite the initial activity #PredictFun it significantly lags behind trading volumes of platforms like Polymarket (over $3 billion), Kalshi (around $587 million), and Limitless (around $10.9 million).