Binance has added a prediction markets feature to its Binance Wallet, enabling users to trade on real-world event outcomes directly within the app. The integration links Binance Wallet to Predict.fun, a decentralized application built on BNB Smart Chain and developed by a former Binance employee. The rollout is being introduced gradually and is not available in all regions where Binance operates.

The feature allows users to take positions on outcomes such as elections, sports events, and economic data releases. Contract prices range from $0.01 to $0.99, reflecting market-implied probabilities. Users can fund trades using existing balances in their Binance spot or funding accounts, while Binance covers blockchain gas fees to help reduce costs and lower barriers for retail participation.

Binance clarified that it does not operate the prediction markets or act as a counterparty. Instead, it serves as an access point to a third-party application through a keyless wallet system designed to distribute private key control and reduce single points of failure. Users are required to set up a separate prediction account to use the service.

The move comes amid rapid expansion in prediction markets, with monthly trading volumes surging more than 200-fold over the past two years, rising from under $100 million to more than $20 billion, according to TokenTerminal data.

The industry remains highly concentrated, led by Polymarket and Kalshi, which together account for over 97% of total activity. Both platforms have drawn increasing institutional interest, with Kalshi recently raising $1 billion at an $11 billion valuation, while Polymarket has reportedly secured up to $2 billion in commitments tied to the owner of the New York Stock Exchange.