Binance has launched prediction market features within its app, integrating with Predict.fun to expand into a rapidly growing sector.
The exchange said trades will be “gasless,” with Binance covering transaction and settlement fees on the BNB Smart Chain to attract user adoption.
The move positions Binance to compete with platforms like Polymarket and Kalshi in a market estimated to have reached $20 billion in monthly volume.
Prediction markets allow users to trade on the outcome of real-world events, including politics, sports and geopolitical developments.
The sector has drawn regulatory scrutiny, particularly in the US, where authorities have raised concerns about whether such platforms resemble unlicensed betting markets.
Despite this, growth has accelerated sharply, with transaction volumes rising significantly over the past year as crypto platforms expand into new financial primitives.
The launch underscores Binance’s push to diversify beyond traditional trading and capture emerging onchain use cases amid intensifying competition.