Binance enters the prediction market! Binance Wallet launches "Event Trench," supporting USDT betting on real-world events.

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Following the explosive growth of prediction markets, Binance, the world's largest cryptocurrency exchange, has officially announced its entry into this vast blue ocean market.

Binance officially announced yesterday (May 25, 2026) the launch of a new feature called "Event Rush" on its Binance Wallet. This innovative feature will allow users to place bets on the outcomes of real-world events, including popular sporting events, cryptocurrency price target predictions, and the latest major global news.

Trade "event outcomes" like you would trade tokens.

According to the announcement, Event Rush's core operating logic is to transform each real-world event into tradable "Event Tokens." For example, users can buy and sell tokens representing "Yes" or "No," and the price of these tokens will continue to fluctuate based on market expectations and participants' sentiments until the event is resolved.

To ensure transparency and decentralization in transactions, Event Rush boasts the following key features:

  • Fully on-chain experience: This feature is supported by the 42.space protocol and deployed on Binance’s own BNB Chain (BSC) , enabling decentralized trading and automated smart contract settlement.
  • Trading with stablecoins: Users can directly buy and sell event tokens using the mainstream stablecoin USDT on the BSC network.
  • Seamless wallet integration: Users do not need to register for cumbersome third-party platforms. They can simply enter the dApp block within Binance Wallet to launch Event Rush with one click.

Seizing the market share in prediction, strictly adhering to KYC compliance standards.

Since prediction market platforms like Polymarket have shone brightly in major political and economic events, "tokenizing real-world events" has become one of the most promising sectors in Web3. Binance's decision to integrate this feature directly into its massive Web3 wallet undoubtedly aims to leverage its large user base to quickly gain dominance in this emerging field.

However, given the significant differences in regulations governing gaming and prediction markets across countries, Binance remains committed to strict compliance while promoting the new feature. The announcement specifically emphasizes that Event Rush is only available to Binance Wallet users who have completed KYC (Know Your Customer) verification , and will be blocked in certain regions with restricted regulations.

Officials also reminded investors that market trading involves high risks, and that they must conduct their own research (DYOR) and comply with local laws and regulations before participating.

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Polymarket, a prediction market platform, has been hacked! 5,000 POL are being withdrawn every 30 seconds, resulting in the loss of over 600,000 POL.

Polymarket reportedly secretly has a presence in Japan, planning to lobby the government to lift the ban on prediction markets by 2030.

Polymarket has submitted a "portfolio consolidation contract" for CFTC certification! SEC Chairman Atkins is currently seeking public comment on prediction market ETFs.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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