- CZ announced Predict.fun, a new BNB Chain platform for earning yield while predicting real-world events.
- The project is backed by YZi Labs, and its founder previously worked at Binance.
- Trust Wallet has launched Predictions, letting users trade event outcomes directly inside the app with full self-custody.
Binance founder Changpeng Zhao (CZ) has turned heads once again, this time introducing a new prediction platform quickly gaining traction on the BNB Chain. On December 4, he introduced Predict.fun, calling it a place where users can make predictions on real-world events while their deposited funds continue earning yield. Predict is backed by YZi Labs.
“Welcome a new prediction market on @BNBChain. When you make a prediction, you funds don’t sit idle, they generate yield,” CZ wrote on social media.
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In a similar update, CZ’s Trust Wallet has introduced a new feature called “Predictions.” It lets users trade on real-world events directly inside the wallet while keeping full control of their funds. The feature starts with Myriad and will soon add platforms like Kalshi and Polymarket, giving users access to prediction markets across crypto, politics, sports, entertainment and global events.
A Project With Binance Roots
Predict.fun’s story has an unexpected connection to Binance. Its founder previously worked at the exchange before joining YZi Labs’ EASY Residency Season 2 program. The platform is one of seventeen projects backed in the latest cohort, which also includes teams working on Web3 infrastructure, AI, biotech, robotics, and digital experiences. According to YZi Labs, Predict.fun fits into its goal of supporting tools that create genuine, everyday use cases on the BNB Chain.
One of Predict.fun’s main selling points is its mobile-first approach. Before launching publicly, the team ran a “Skip the Queue” campaign that drew early interest by highlighting a streamlined smartphone interface.
How Predict.fun Works
Inside the app, users can speculate on outcomes across sports, politics, cryptocurrency, and other real-world categories. Instead of placing simple bets, users buy and sell event-based shares whose prices move depending on the crowd’s expectations.
A correct prediction allows the user to redeem those shares for a fixed payout, while incorrect ones expire worthless.The platform runs on a traditional order-book model, giving users the option to execute instant trades or place limit orders at preferred prices.
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Source: https://coinedition.com/binance-backs-predict-fun-on-chain-predictions/
