Markets
What to know:
- CZ announced a new prediction market on BNB Chain, predict.fun, which allows user funds to earn yield while positions are open. Because who doesn’t want their money to work while they nap? 😴💸
- Predict.fun currently has over 12,000 users and a combined market volume of around $300,000, but it lags behind larger platforms like Polymarket and Kalshi. Think of it as the awkward cousin at the family reunion. 🙃
- The platform benefits from BNB Chain’s large user base, though it faces challenges due to limited stablecoin issuance and liquidity. Like trying to host a party with a guest list but no snacks. 🍿
Binance founder Changpeng “CZ” Zhao announced a new BNB Chain prediction market this week in a post on X highlighting predict.fun, a platform built by a former Binance employee that allows user funds to earn yield while positions remain open. Because why just bet when you can also earn? 🤯
The new market enables users to place bets while earning passive income on idle funds. Because who needs sleep when you can have 24/7 financial fun? 🚀
The setup aligns with industry efforts to resolve a key inefficiency traders must lock up capital without earning anything while waiting for events to resolve. Finally, a solution that doesn’t involve a magic wand! ✨
Both Polymarket and Kalshi now layer staking rewards, treasury incentives, or points systems on top of forecasting to keep users engaged and offset the opportunity cost of long-duration markets. Because nobody likes to feel like they’re losing money while waiting. 🧠
Predict.fun currently lists two markets with a combined volume of around $300,000. For a prediction market, that’s like a drop in the ocean… of crypto. 🌊
The site claims to have over 12,000 users with nearly 300,000 bets made. AKA, the equivalent of a small town’s worth of bets. 🏡
That scale gap remains wide. Polymarket has generated more than $3 billion in total trading volume, far ahead of Kalshi’s roughly $587 million. Smaller platforms such as Limitless have cleared about $10.9 million, according to Polymarket Analytics. It’s like comparing a blockbuster movie to a home video. 🎬
The concentration reflects liquidity dynamics that favor established venues. New entrants often see activity spikes during reward campaigns but struggle to retain users once incentives fade. Because nothing says “I’m loyal” like a free pizza coupon. 🍕
Predict.fun, however, is drawing on the support of BNB Chain, which leads all chains in the number of active wallets – users – and has seen active addresses nearly double in the last year, according to onchain analytics, with Token Terminal computing a market share of 25%. Like a popular kid with a huge group chat. 📱
While this seems promising, BNB Chain has a significant gap in stablecoin issuance, limiting the available liquidity for Predict.fun. It’s like having a Ferrari but no gas. 🚗💨
For now, the more immediate test is whether Predict.fun can catch up to smaller competitors like Limitless and build steady volume, something BNB Chain’s large user base may help with, but will not guarantee in a market where liquidity advantages compound quickly. Because even the biggest fish can sink if the water’s not right. 🐟
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2025-12-04 10:59