You can now bet from Binance Wallet

Binance, the largest cryptocurrency exchange in the world by trading volume, enabled today, April 9, Prediction Markets (prediction markets, in Spanish), a new feature that allows its users to participate in bets directly from their application.

The users of Binance They can now participate in various active markets ranging from macroeconomic indicators to sporting and financial milestones. Among the available options are bets on how many interest rate cuts the United States Federal Reserve (FED) will make in 2026 or who will be the winner of the 2026 World Cup.

Likewise, there are markets to predict whether the price of bitcoin (BTC) will reach levels of 75,000 or 80,000 dollars during the month of April, as can be seen in the image.

Prediction markets on Binance: Bitcoin price event captures in April, Fed rate cuts in 2026 and the winner of the 2026 World Cup.Prediction markets on Binance: Bitcoin price event captures in April, Fed rate cuts in 2026 and the winner of the 2026 World Cup.
You can bet on categories such as sports, economics or cryptocurrencies. Source: CriptoNoticias.

The launch of this product arises from a technical alliance between the exchange and predict.fun, a prediction markets provider that operates on the BNB Smart Chain (BSC) network.

Despite the launch, the company warned Please note that the product may not be available in all regions. In this regard, CriptoNoticias was able to verify that access is enabled in Venezuela, while the tool is not operational in Argentina.

It is important to highlight that Binance It functions solely as a technical bridge and does not act as a betting counterparty. This means that The exchange is not the one who pays the prizes or establishes the rulesbut rather provides access to predict.fun services. For this reason, the company recommends clients review the third-party provider’s terms and conditions before committing funds.

How to access this function?

To access this function, interested parties must use the Binance Web3 Wallet, an in-app tool that has an interface that allows users to interact with cryptocurrency networks in a simplified way. In this case, the platform uses the BSC network to process participants’ operations.

Through this connection, users can buy “YES” or “NO” actions on future results in categories such as sports, economics and culture. Each outcome option is represented by a stock trading between $0.01 and $0.99. This price fluctuates based on the participants’ collective belief about the probability of the event.

For example, if a “YES” option is trading at $0.80, the market estimates that there is an 80% chance of that event happening. Once the event is resolved and the outcome is confirmed, the winning share is automatically paid out at $1. Thus, Users who bought cheap based on their forecasts obtain a profit proportional to the risk assumed.

This integration marks a step Binance towards the diversification of services. By adding predict.fun, the exchange seeks to capitalize on the growing interest in prediction markets as other platforms such as Coinbase, MEXC, Crypto.com and Gemini have done.

Source link

Leave a Comment