
Binance Wallet adds onchain event trading platform
Binance Wallet launched Event Rush on May 25, introducing a platform that allows users to trade blockchain-based tokens linked to real-world event outcomes using onchain markets settled in Tether.
The platform, built on the 42.space protocol on BNB Chain, allows users to speculate on outcomes including sports events, crypto price movements and news developments through tradable “event tokens.”
“At Binance Wallet, we’re focused on expanding access to more on-chain experiences that give users more ways to engage with emerging markets,”
Said Winson Liu, Global Head of Binance Wallet.
Unlike traditional prediction markets that rely on fixed odds or external market makers, Event Rush uses a bonding-curve pricing model that automatically adjusts token prices according to supply and demand to maintain continuous liquidity.
According to Binance Wallet, users can either trade event tokens before settlement to capture price movements or hold winning tokens until resolution to receive a share of the event’s full USDT-denominated collateral pool, including value from losing positions.
The company said the structure may create uncapped upside potential because payouts are tied to the size of the collateral pool rather than predetermined odds, though profitability still depends on entry price, pool size and the number of traders holding winning tokens.
A hypothetical example cited by Binance Wallet showed that if Brazil event tokens represented 32% of a sporting event market’s capitalisation, holders could potentially receive a 2.7-times return, though the figure changes dynamically based on trading activity and demand.