Backpack Exchange Offers Unified Prediction Portfolio in Private Beta

Backpack Exchange has launched a private beta for its margin-based prediction market, allowing select traders to bet on digital assets and financial outcomes using the same capital across multiple products.

Key Features

Introduction of the Unified Prediction Portfolio, integrating prediction markets with spot trading, perpetual futures, and lending in one account.
Utilizes cross-margining, enabling capital to support multiple positions simultaneously without locking funds.
Traders can place bets on Bitcoin and other cryptocurrencies, hedge with futures, and maintain spot positions within a single account.
Aims to reduce opportunity costs by preventing capital lock-up, enhancing market insight actions.
CEO Armani Ferrante highlights inefficiencies in traditional prediction markets due to capital lock-up.

Market Context and Vision

Founded by former FTX employees, Backpack Exchange acquired FTX EU, gaining a MiFID II-regulated framework and facilitating fund recovery post-FTX collapse.
Rebranded FTX EU as Backpack EU in September 2025 to offer regulated perpetual futures across Europe.
The private beta is invite-only, focusing on active traders to refine risk management before wider release.
The launch coincides with growth in the prediction market sector, with platforms like Kalshi and Polymarket seeing increased trading volumes.
Backpack's new system positions it as a vertically integrated exchange, offering efficient capital deployment across products.