Founder Binance Changpeng Zhao (CZ) has once again attracted attention with the introduction of Predict.fun, a new prediction platform that is rapidly gaining popularity on the BNB blockchain. On December 4, he wrote that it is a platform where users can make predictions on real-world events and earn returns on their investments.
Welcome to the new prediction market on @BNBChain. When you make a prediction, your funds don’t sit idle, they generate income, CZ wrote on social media.
According to YZi Labs, where Changpeng Zhao now works, Predict.fun lives up to its goal of supporting tools that create real, everyday use cases. BNB Chain.
One of Predict.fun’s main advantages is that it’s a mobile platform. Before its public launch, the team ran a «Skip the Line» campaign, which immediately attracted users thanks to its optimized interface for smartphones.
In the app, users can bet on the outcomes of sports, political events, cryptocurrency prices, and other real-world events. Instead of simple bets, users buy and sell shares based on events, the prices of which fluctuate based on audience expectations.
A correct prediction allows the user to exchange these shares for a fixed payout, while an incorrect one results in the loss of the stake. The platform operates on a traditional order book model, allowing users to execute instant trades or place limit orders at preferred prices.