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Binance founder Changpeng Zhao (CZ) is rapidly expanding his influence in the field of prediction markets. It launched a new prediction market on the BNB chain, while its Trust Wallet added prediction trading features for its 220 million users.
These developments continued with the October BNB chain integrations with PoleMarket and the launch of the Opinione mainnet. Together, these steps aim to position the BNB chain as a major center for decentralized predictive markets, following record levels of $7.4 billion in prediction market volumes for the month of October.
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Highlights of the new forecasting platform with disclaimer
On December 4, CZ posted In X About a new prediction market launching on the BNB chain. He pointed to a key advantage: user funds earn returns while waiting for results. Support the platform YZiLabs (formerly Binance Labs), which manages more than $10 billion in assets and has invested in more than 300 projects worldwide.
Although CZ promoted the platform, it added a clarification. He clarified that the founder was a former employee of Binance and emphasized that the post was not an official endorsement. Despite this, his photo appears alongside public figures such as Donald Trump and Faker, which highlights the promotional value of his post.
In October, YZiLabs announced… The $1 billion fund is dedicated to the BNB ecosystem. Focus on decentralized finance, monetization of real assets, wallets, artificial intelligence and payments. The fund has already supported more than 65 projects, helping to drive development The BNB chain.
Trust Wallet launches prediction trading to millions of users
Just a day before CZ’s update, it launched its Trust Wallet Forecast functionwith the Myriad decentralized prediction market protocol as its first integration partner. This allows users to bet on politics, sports and market trends in the app. This addition transforms Trust Wallet from just a storage solution into a complete decentralized financial platform.
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The new feature is consistent with Trust Wallet’s strategy to compete with MetaMask and other major wallets. Myriad’s integration into BNB Chain provides users with low-fee trading, leveraging the speed and efficiency of the network. Users can trade with BNB or stablecoins like USDCno need for bridges or manual chain transfers.
BNB Network deepens the structure of the prediction market
These launches build on work completed in October. Binance Chain By merger with Polymarketwhich allows users to join high-volume prediction markets on Binance SmartChain. The collaboration allows users to predict real-world events without leaving the Binance ecosystem.
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The launch markets include expecting Binance to reach a high of $1,500 by the end of 2025. The move aims to make the Binance chain a leader in decentralized financial facilities in the real world, with token exchanges and yield farming.
Opinion Labs, the network prediction market provider powered by YZi Labs, launched its mainnet on October 23. The service launched exclusively on Binance Chain, offering access to the whitelist of core users and community members, and introduced a +1 refund system and points to reward early adopters.
Opinion Labs has secured a multi-million dollar investment at Binance Blockchain Week, with partners including ASTER and Financial World Liberty. In Q1 2025, Opinion Labs raised $5M in seed funding, led by YZi Labs with participation from Animoca Ventures, Amber Group, Manifold and Echo Community.
This funding seeks to expand Binance Chain’s decentralized forecasting infrastructure. Opinion Labs offers benefits such as unobserved event forecasting, +1 coverage options, and aggregated information. However, the platform faces common challenges, including regulatory complexities and the need for broad liquidity for price discovery.
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CZ’s strategic bet on the future of forecasting
From elections and sports to AI developments and macroeconomic shifts, prediction markets turn scattered knowledge into actionable signals. Platforms like PolyMarket, which saw more than $2B in volume by October 2024, prove that decentralized markets can still outperform centralized forecasts.
Ecosystem players CZ and Binance are exploring a custom oracle layer that meets the growing needs of prediction markets. This comes as forecast markets like Calsh – $5B after recent funding – and PolyMarket – $12-$15B – have risen to multi-billion dollar valuations amid growing institutional interest.
Large wallets are adding more and more tools beyond token transfers, and aim to keep users in a single application. He said Trust Portfolio CEO, Ewen Chen“Wallets have become the home for all kinds of business – not just tokens, but also information, opinions and predictions.”
As CZ heads into the center of the prediction market, all eyes are on whether it can provide the home base for next-generation prediction market platforms competing with PolyMarket.
