Binance is testing an in-app prediction market feature, joining a growing list of crypto exchanges tapping into the nascent sector.

The crypto exchange said it will aggregate the feature from third-party providers and has partnered with Predict.fun, a protocol on BNB Smart Chain, to integrate prediction markets into Binance Wallet, according to a company FAQ page published Tuesday.

Prediction markets enable users to trade on real-world outcomes covering a wide range of events, including elections, sports, cultural events, and more. Binance noted that each outcome — yes or no — would be represented by a share priced between $0.01 and $0.99, reflecting participants' collective belief about the likelihood. 

With the new feature, users would be required to set up a dedicated prediction account, separate from their spot trading accounts, to trade on event contracts.

It is not immediately clear when Binance will officially roll out the feature or in which jurisdictions it will be available.

"We are beta testing in-app access to on-chain prediction markets through a third-party integration," a Binance spokesperson told The Block. "This broadens the range of things users can do in Binance Wallet. We will be making our announcements on our official channels when we are ready."

Growing momentum

Binance's move comes as many major global crypto exchanges are entering prediction markets.

In January, Coinbase expanded its prediction markets offering to users across the U.S. through its partnership with Kalshi. The following month, Crypto.com launched a standalone prediction markets platform called OG, just days before Super Bowl LX.

Prediction markets have surpassed $20 billion in monthly trading volume, up from $1.2 billion in early 2025. In March, Kalshi saw roughly $10.98 billion in volume, up from $10.44 billion in the previous month, while Polymarket recorded $10.04 billion, up from $7.94 billion in February, according to The Block's dashboard.

Nonetheless, the burgeoning sector has drawn scrutiny. In March, U.S. senators Adam Schiff and John Curtis introduced the "Prediction Markets Are Gambling Act," seeking to bar prediction contracts tied to sports or casino-style games from being listed or traded on a registered platform.

Kalshi and Polymarket have since been taking measures to curb insider trading and market manipulation. Kalshi introduced new screening tools, while Polymarket expanded restrictions on market abuse.

Expand Chart