We are excited to introduce Prediction Markets, a new feature that allows users to participate in probability-based markets from the Binance App through an integration with third-party platforms.
Users can now take positions on real-world outcomes across different categories.
At launch, Binance Wallet will integrate access to markets provided by Predict.fun, the leading on-chain prediction market provider on BNB Smart Chain (BSC).
Key Features: Easy Access: One-click access to the prediction markets, no complex setup required.
Use your Binance Funds: Seamlessly trade prediction markets using your Spot and Funding Accounts’ balances.
Gasless Trading Experience: Binance Wallet will sponsor all trading and settlement transactions fees.
Market & Limit Orders: Supports both Market Orders and Limit Orders for greater flexibility.
Keyless Wallet Security: Access the world of on-chain prediction markets by using Binance Wallet Keyless MPC technology for added security.
What Are Prediction Markets Prediction markets allow participants to take positions on future outcomes across areas like sports, economics, world events, culture and crypto.
Each outcome (YES and NO) is represented by a share priced between $0.01 and $0.99, representing the collective belief of participants on the outcome’s likelihood — for instance, a share priced at $0.80 in a sufficiently deep market would suggest an 80% chance of the outcome occurring.