Binance Launches Prediction Market Service Through Predictfun Integration

Source

JOON HYOUNG LEE

Summary

Global cryptocurrency exchange Binance said it is officially launching a prediction market service.
Binance said the prediction market service will be offered through an integration with Predictfun, a platform built on BNB Smart Chain (BSC).
Yzi Labs, a Binance-affiliated VC firm, made a follow-on investment in Predictfun, with the investment size undisclosed.

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Binance, the global cryptocurrency exchange, is launching a prediction market service.

The company said on its website on June 9 that the service is now officially available. Users can access it through Binance Wallet.

The offering is being provided through an integration with Predictfun, a prediction market platform built on BNB Smart Chain, or BSC. Users can trade in the prediction market using balances in their spot and funding accounts, Binance said. Binance Wallet will cover all trading and settlement fees.

Separately, Yzi Labs, Binance's venture capital arm, made a follow-on investment in Predictfun earlier this month. The size of the investment was not disclosed.

BNB