Changpeng Zhao (CZ), the founder of crypto exchange Binance, has backed a new prediction market based on the BNB Chain. The platform dubbed Predict.fun is built by former Binance employees, and allows users to earn yield on their funds. This new platform will directly compete with the likes of other key market players like Kalshi and Polymarket.
BNB Chain Prediction Market Platform Predict.fun Goes Live
A new BNB Chain-based prediction market, Predict.fun, has launched with a model that allows users to place bets while earning passive income on idle funds. The platform aims to address a long-standing inefficiency in prediction markets, where traders must lock up capital without returns while waiting for outcomes to resolve.
The approach follows a broader industry trend. Platforms such as Polymarket and Kalshi have begun adding staking rewards, treasury incentives and points systems. This marks a shift from traditional forecasting markets to offset the opportunity cost of l
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