Binance founder Changpeng Zhao (CZ) is rapidly expanding his influence in the prediction market space. He introduced a new prediction market on BNB Chain, while his Trust Wallet added prediction trading features for its 220 million users.
These developments continue BNB Chain’s October integrations with Polymarket and the launch of the Opinion mainnet. All of these moves are aimed at establishing BNB Chain as a key hub for decentralized prediction markets, following October’s record $7.4 billion in prediction market volume.
CZ Introduces New Prediction Platform with Recommendations
On December 4, CZ posted on X about a new prediction market launching on BNB Chain. He highlighted a key feature: users' funds will generate profits while waiting for results. The platform is backed by YZiLabs (formerly Binance Labs), which manages over $10 billion in assets and has invested in over 300 projects worldwide.
While CZ promoted the platform, he included a disclaimer. He clarified that the founder is a former Binance employee and emphasized that the post was not an official endorsement. However, the platform's homepage shows him alongside celebrities like Donald Trump and Faker, emphasizing the promotional value of his involvement.
In October, YZiLabs announced a $1 billion fund dedicated to the BNB ecosystem . It focuses on DeFi, real-world asset tokenization, wallets, AI, and payments. The fund has supported more than 65 projects, helping to drive the development of the BNB Chain.
Trust Wallet Launches Predictive Trading for Millions of Users
Just a day before CZ's update, Trust Wallet launched its predictions feature , with Web3 prediction market protocol Myriad joining as its first integration partner. This allows users to bet on politics, sports, and market trends within the app. This addition transforms Trust Wallet from a basic storage solution into a complete DeFi platform.
This new feature fits into Trust Wallet's strategy to compete with MetaMask and other major wallets. The Myriad integration on BNB Chain offers users low-fee transactions, leveraging the network's speed and cost efficiency. Users can transact using BNB or stablecoins like USDC , without the need for bridges or manual cross- chain conversions.
BNB Chain Strengthens Prediction Market Infrastructure
These launches build on the work completed in October. BNB Chain has integrated with Polymarket , allowing users to participate in high-volume prediction markets on the BNB Smart Chain. This partnership allows users to predict real-world events without leaving the BNB ecosystem.
The launch market includes predictions that BNB will reach a new All-Time-High of $1,500 by the end of 2025. The move aims to position BNB Chain as a leader in real-world DeFi utilities that go beyond Token Swap and yield mining.
Opinion Labs, the network’s prediction market provider backed by YZi Labs, launched its mainnet on October 23. The service launched exclusively on BNB Chain, providing Whitelist access to users and core community members, and introducing a cashback and points system to reward early adopters.
predict.fun websiteOpinion Labs secured a multi-million dollar investment at Binance Blockchain Week, with partners including ASTER and World Liberty Financial. In Q1 2025, Opinion Labs raised $5 million in a Capital round led by YZi Labs with participation from Animoca Ventures, Amber Group, Manifold, and Echo Community.
The Capital is intended to expand BNB Chain's infrastructure for decentralized oracles. Opinion Labs promotes benefits such as censorship-resistant event forecasting, hedging options, and detailed data visualization. However, the platform faces common challenges, including regulatory complexity and the need for ample liquidation for price discovery.
CZ's Strategic Bet on the Future of Forecasting
From elections and sports to AI milestones and macroeconomic trends, prediction markets turn fragmented knowledge into actionable signals. Platforms like Polymarket, which reached over $2 billion in volume by October 2024, demonstrate that decentralized markets can outperform even centralized forecasters.
CZ and BNB Chain ecosystem participants are exploring a specialized oracle layer that fits the evolving needs of prediction markets. This comes as prediction markets like Kalshi — valued at $5 billion after a recent Capital round — and Polymarket — valued at $12–15 billion — have grown to multi-billion dollar valuations amid growing institutional interest.
Large wallets are increasingly adding tools that go beyond Token transfers, with the goal of keeping users within the same application. “Wallets are becoming a home for all types of transactions — not just Token, but information, opinions, and expectations,” said Trust Wallet CEO Eowyn Chen .
As CZ moves into the heart of the prediction market, all eyes are on whether he can provide a base for next-generation prediction market platforms to compete with Polymarket.
