Binance Wallet introduces in-app access to on-chain prediction markets via third-party integration

Binance Wallet adds in-app prediction markets, expanding access to on-chain activity.

Binance Wallet today officially announced a new third-party integration that gives eligible users in-app access to prediction markets within the Binance app. Following an earlier beta-testing phase, the launch reflects Binance Wallet’s broader strategy to make on-chain activity more accessible through a trusted, familiar interface.

Through this integration, Binance Wallet will provide in-app access to markets offered by Predict.fun, the largest prediction market provider on BNB Smart Chain. Binance Wallet facilitates access and simplifies the user experience, while prediction market activity is executed on-chain through Predict.fun’s smart contracts. All events, pricing, and resolution rules are operated by Predict.fun.

Prediction markets allow participants to take positions on the likelihood of future outcomes across categories such as sports, esports, economics, world events, culture, and crypto. Event contracts are typically priced as probabilities: each outcome (whether “Yes” or “No” in a binary market, or any of the outcomes in multi-outcome markets) trades between $0.01 and $0.99 to reflect its implied probability. The contracts settle based on the outcome as determined under Predict.fun’s rules.

With Binance Wallet’s reach and user flow, the integration can also support deeper participation in on-chain markets, and help improve liquidity and pricing quality for prediction markets over time.

This addition expands the range of on-chain utility available through Binance Wallet and Binance’s broader vision of building a super app where users can access a growing range of crypto and on-chain use cases in one place.

“With this integration, we’re making it simpler for users to access another on-chain utility using a familiar and secure in-app experience,” said Winson Liu, Global Lead of Binance Wallet. “This is part of our broader effort to make Binance more useful day to day by reducing friction and expanding the range of on-chain use cases available through Binance Wallet.”

Key features include:

• Easy Access: Eligible users can access prediction markets with a single click, eliminating the need for complex setup.
• Use of Binance Funds: Users can seamlessly trade prediction markets using available balances in their Spot and Funding accounts.
• Gasless Trading Experience: Binance Wallet will sponsor all trading and settlement transaction fees, enabling a streamlined user experience.
• Market and Limit Orders: The integration supports both market and limit orders, offering users greater trading flexibility.
• Keyless Wallet Security: Users can access on-chain prediction markets through Binance Wallet’s keyless MPC technology, providing an added layer of security.

For more information, find out more here. 

About Binance Wallet

Binance Wallet is a self-custody crypto wallet within the Binance app, designed to empower users in the realm of decentralized finance (DeFi). Serving as a digital gateway to blockchain-based applications (dApps), it offers users a secure and streamlined method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms. 

For more information, visit the official website.