Binance founder Changpeng Zhao, also known as CZ, has teased the launch of the prediction market Predict.Fun on BNB Chain. This development coincides with sports giant Fanatics entering the space through a partnership with Crypto.com.
In a post on X on December 3, CZ welcomed Predict.Fun to the BNB Chain. He mentioned that the platform was created by a former Binance employee and that his family office, YZi Labs, incubated and invested in it.
Welcome a new prediction market on @BNBChain.
When you make a prediction, you funds don't sit idle, they generate yield.Disclaimer:
Founder is ex-Binance (a few years ago).
Incubated/invested by YZiLabs.
This tweet is not endorsement. 🙏 https://t.co/E0fxxKc3eE— CZ 🔶 BNB (@cz_binance) December 3, 2025
CZ stated that the market will enable users to earn yields on their staked capital, addressing industry calls for prediction market platforms to utilize funds more effectively rather than leaving them idle.
Polymarket and Kalshi have recently introduced similar features, including layered-staking rewards, treasury incentives, and points systems alongside forecasting to enhance user engagement.
Predict.Fun Enters a Competitive Market
Predict.fun has launched into an increasingly competitive market that is currently dominated by Polymarket and Kalshi.
Currently, Predict.fun lists only two markets with a combined trading volume of slightly over $300,000.
One market focuses on whether Solana's price will reach $600 by the end of the year, while the second concerns whether a federal judge will order Google to divest its Chrome Browser before year-end.
Predict.fun reports having 12,499 users signed up as of 4:40 a.m. EST.
In contrast, Polymarket and Kalshi have experienced record volumes in recent months, totaling billions of dollars.
Kalshi holds a slight edge over Polymarket in terms of trading volume due to its access to the U.S. market. However, this dominance may be challenged as Polymarket begins to re-enter the U.S. market.
While Kalshi and Polymarket maintain dominant market positions, Predict.fun will benefit from the support of the BNB Chain and its community.
On-chain data indicates a surge in BNB Chain activity this year, with the number of active addresses on the blockchain nearly doubling in the past year. According to Token Terminal, BNB Chain now holds a 25% market share.
Fanatics Partners With Crypto.com for Its Prediction Market
Adding to the competitive landscape, sports apparel and collectibles giant Fanatics has announced the launch of Fanatics Markets in partnership with crypto exchange Crypto.com.
This expansion into prediction markets follows Fanatics' acquisition of Paragon Global Markets in July, which provided the company with regulatory clearance from the Commodity Futures Trading Commission (CFTC) and membership in the National Futures Association.
The sports merchandiser stated that it will launch the new platform in phases across 24 U.S. states over the coming days. Its app is already operational in ten states and will be rolled out to major markets, including California, Texas, Florida, and Washington, soon.
Powering Up Predictions! We’re excited to announce our next prediction markets partnership with Fanatics as they launch @Fanatics Markets – the first Fan-Led Prediction Market at the Intersection of Sports, Finance, and Culture.
Read more: https://t.co/rd4KymEOIWpic.twitter.com/LBMUVBlUeI
— Crypto.com (@cryptocom) December 3, 2025
Fanatics Market is also expected to expand into areas such as cryptocurrency prices, IPOs, tech developments, and movie outcomes by early 2026.
Prediction Markets Face Legal Scrutiny
As the number of new providers in the prediction markets space grows, concerns remain regarding potential regulatory threats.
The U.S. state of Connecticut issued cease-and-desist notices to Robinhood, Crypto.com, and Kalshi on December 3 for conducting "unlicensed online gambling" through their prediction market offerings.
Kalshi is also involved in regulatory disputes in several other U.S. states.