Binance tests in-app prediction markets via CZ-backed YZi Labs' Predict.fun platform ahead of World Cup to capture global wagering demand.
DeFi & Yields ·
YZi Labs, backed by Binance founder CZ, has made a follow-on investment in Predict.fun, a prediction market platform that has processed over $1.8 billion in volume. The timing positions the platform to capture demand during the World Cup, as Binance itself has begun testing in-app prediction markets on its exchange.
The investment underscores YZi Labs' continued focus on prediction markets as a growth avenue within crypto trading. Predict.fun operates as a standalone platform where users can wager on event outcomes, while Binance's in-app testing suggests the exchange is exploring native prediction functionality for its user base.
What remains unclear is the size of YZi Labs' follow-on investment, the scope of Binance's in-app testing (whether it will roll out globally or remain limited), and whether these efforts target specific jurisdictions given the regulatory sensitivity around prediction markets and wagering in different regions.