Predict.fun Launches on BNB Chain Backed by Binance’s CZ

Key Points on Predict.fun Launch

Changpeng Zhao (CZ), founder of Binance, supports a new prediction market called Predict.fun built on the BNB Chain.
The platform allows users to bet and earn yield on idle funds, addressing inefficiencies in traditional prediction markets.
Predict.fun competes with established platforms like Kalshi and Polymarket, offering staking rewards and incentives.
Currently, Predict.fun hosts two active markets with nearly $300,000 in total volume and over 12,000 users.
Polymarket has reported over $3 billion in lifetime trading volume, whereas Kalshi records approximately $587 million.

BNB Chain and Market Dynamics

BNB Chain leads in active wallet count, but limited stablecoin supply poses a liquidity challenge for its prediction markets.
Despite BNB Chain's large user base, Predict.fun needs to close the gap with competitors like Limitless, which has processed around $10.9 million.
The launch coincides with increased regulatory scrutiny; Connecticut issued a cease and desist order to Kalshi for unlicensed sports betting.