Changpeng Zhao "BNB Chain-based prediction markets are worth trying"

JH Kim

Summary

It reported that Changpeng Zhao expressed interest in BNB Chain-based prediction market projects.
He mentioned the possibility of building a dedicated oracle for prediction markets and the market's potential size (TAM).
The market said the remarks are interpreted as a positive signal for the expansion of the BNB Chain ecosystem and the activation of decentralized prediction markets.

On the 17th (local time), Changpeng Zhao (CZ), founder of Binance, expressed interest in BNB Chain-based prediction market projects on X(formerly Twitter).

He said, "I briefly looked into more than 20 BNB Chain-based prediction market startup projects," and "There may be an opportunity to build a dedicated oracle(Oracle) for prediction markets. It's difficult to accurately predict the market's potential size (TAM), but it's worth trying," he said.

The market has reacted that Changpeng Zhao's remarks are interpreted as a positive signal for the expansion of the BNB Chain ecosystem and the activation of decentralized prediction markets.