Binance has begun testing an in-app prediction markets feature, as the exchange moves to expand its product suite beyond traditional trading. The company confirmed the beta rollout through an FAQ page, which outlined how the feature connects users to third-party providers rather than operating markets directly.
The system integrates prediction markets into Binance Wallet through Predict.fun, a protocol built on BNB Smart Chain. The exchange acts as an aggregator, while external providers create and manage the event contracts.
A Binance spokesperson said in the statement:
"We are beta testing in-app access to on-chain prediction markets through a third-party integration. This broadens the range of things users can do in Binance Wallet. We will be making our announcements on our official channels when we are ready."
The company has not disclosed a full launch timeline or confirmed which jurisdictions will have access.
How the product works inside the app
Prediction markets allow users to take positions on real-world outcomes. These can include sports results, economic indicators, global events, and crypto-related developments. Each outcome appears as a “Yes” or “No” share, priced between $0.01 and $0.99. The price reflects the collective probability assigned by participants.
For example, a share priced at $0.80 implies an 80% perceived likelihood of that outcome. When the event resolves, the correct share pays out $1, while the losing side becomes worthless.
Users must create a separate Prediction Account before placing trades. This account operates independently from spot or funding balances, although users can transfer funds between them. The system supports both market and limit orders, with execution dependent on liquidity and order matching.
The feature appears at the top of the Markets page in the Binance app after users update to the latest version. Access may vary by region, based on availability restrictions.
Binance does not create events or act as a counterparty. Third-party providers handle event creation, pricing, and resolution through on-chain mechanisms. Predict.fun relies on a decentralized oracle system, where outcomes go through proposal and dispute processes before final settlement.
Exchanges race into prediction markets
Binance enters a sector that has gained rapid traction across the crypto industry. Several major platforms have already launched similar products or partnerships.
Coinbase expanded its prediction markets offering in January through a collaboration with Kalshi, which operates in the United States under regulatory oversight. A month later, Crypto.com introduced its standalone platform called OG ahead of Super Bowl LX.
Market data shows that prediction markets now exceed $20 billion in monthly trading volume, as previously reported by HodlFM. Kalshi recorded about $10.98 billion in March, compared to $10.44 billion in February. Polymarket reached $10.04 billion in March, up from $7.94 billion the previous month.
Kalshi recently secured a $1 billion investment round that values the company at $22 billion. Polymarket raised $600 million from Intercontinental Exchange.
Regulatory pressure and integrity concerns
The rapid growth has also attracted scrutiny from policymakers. In March, U.S. senators Adam Schiff and John Curtis introduced the “Prediction Markets Are Gambling Act.” The proposal aims to restrict contracts tied to sports or casino-style outcomes on regulated platforms.
Platforms have responded with internal controls. Kalshi introduced screening tools to detect irregular activity. Polymarket expanded measures designed to limit manipulation and insider trading.
Binance’s structure reflects a cautious approach. The exchange does not directly operate markets or collect fees tied to event outcomes. Fees appear on the order confirmation screen and come from third-party providers.
Product expansion without direct exposure
The integration shows how Binance continues to extend its ecosystem through external services. The wallet acts as a gateway to decentralized applications, while the exchange avoids direct responsibility for market creation and resolution.
Users gain access to a broader set of financial instruments within a familiar interface. At the same time, the reliance on third-party providers shifts operational and regulatory exposure away from Binance.
The company has positioned the feature as an extension of wallet functionality rather than a core trading product. This distinction may influence how regulators assess the offering in different regions.
Prediction markets remain a fast-growing segment within crypto. Binance’s entry signals that major exchanges see long-term potential, even as legal frameworks continue to evolve.
Gunel Ismayilova
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