BNB Chain Joins Forces with Redstone for Event Oracle Technology to Power Prediction Markets

BNB Chain, a community-driven and decentralized blockchain ecosystem designed for Web3 Dapps powered by its native token (BNB), announced a strategic partnership with Redstone Finance, a modular oracle infrastructure powering next-gen DeFi. Through this integration, Redstone supports prediction market protocols on the BNB Chain with a flexible oracle technology solution.

Despite increased launches of decentralized prediction market projects on the BNB Chain, one fundamental component of infrastructure has been lacking: a rapid, transparent, and oracle network specialized specifically for event resolution. Binance founder, Changpeng Zhao, recently talked about this gap on X, stating that despite the spike in prediction market protocols on the blockchain, a dedicated oracle network powering such markets has been missing. Shortly after, on October 18, 2025, the BNB Chain announced a proposal seeking to partner with specialized oracle solutions to support large-scale prediction markets. And that’s how Redstone has come in to fill the gap.

What Redstone Plans to Offer to the BNB Chain

Redstone is a modular oracle network designed to offer rapid, secure, and cost-efficient data feeds to both non-EVM and EVM blockchains. It provides numerous, diverse models that gather real-world data (collected from different external and on-chain sources) for smart contracts to process executions accurately on Web3 and DeFi systems.

Unlike traditional oracle networks that focus on providing price feeds on blockchains, Redstone’s oracle infrastructure offers a broad range of data, including price feeds, volume data, outcomes of real-world events, and others. Its oracle technology aggregates data off-chain and optimizes the way dApps fetch and utilize data on any of its over 110 supported blockchains.

Redstone’s specialized event oracle offers rapid and reliable answers to real-world questions, directly accessible on-chain. Developed to answer queries in a structured manner, the event oracle network supports a broad variety of question types, including binary (YES or NO) queries, user authentication and event verification, and price inquiries at specific timeframes. Furthermore, its vendor-neutral SDKs and API enable rapid application executions across multiple markets, maintain market integrity, and reduce settlement delays.

All these capabilities make Redstone a fit for decentralized prediction markets, automated apps, and smart contract executions that depend on event outcomes, explaining its partnership with the BNB Chain.

Prediction Market Boom and Outlook

The partnership between Redstone and the BNB Chain shows that decentralized prediction markets are no longer experiments. Instead, such markets are evolving to be reliable ways to predict events, capture the wisdom of the crowd, and hedge assets against risks.

Different from expert opinions and opinion polls, decentralized prediction markets allow everyone across the world to express their beliefs. When people back their beliefs with real value, prices reflect accurate probabilities, which are more rewarding than traditional prediction methods.

Over the past week, the wider prediction markets saw their weekly trading volume surpass the $2 billion mark, overtaking the previous ATH noted before the 2024 U.S. presidential election. The rise is an indicator of surging user adoption in these projects, led by two fierce rivals, Polymarket and Kalshi, which collectively account for more than 95% of the market share.