Binance founder Changpeng Zhao (CZ) is rapidly expanding his influence in the prediction market field. He introduced a new prediction market on BNB Chain, while Trust Wallet, which he owns, has added prediction trading features for its 220 million users.
These development enthusiasts continue the October integrations of BNB Chain with Polymarket, as well as the launch of the Opinion mainnet. Together, these steps aim to position BNB Chain as a major hub for decentralized prediction markets, following the record of $7.4 billion in trading volume from the prediction market in October.
CZ emphasizes new expectations platform with disclaimer
On December 4, CZ posted on X about a new market expectation being launched on BNB Chain. He pointed out an important feature: user funds generate returns while waiting for outcomes. The platform is supported by YZiLabs (formerly Binance Labs), which manages over $10 billion and has invested in more than 300 projects worldwide.
Although CZ promoted the platform, he provided a disclaimer. He clarified that the founder was a former Binance employee and emphasized that the post was not an official endorsement. Despite this, the homepage of the platform displays his image alongside public figures like Donald Trump and Faker, highlighting the promotional value of his involvement.
In October, YZiLabs announced a $1 billion fund for the BNB ecosystem. It focuses on DeFi, real-world asset tokenization, wallets, AI, and payments. The fund has already supported more than 65 projects, thus helping to promote the development of BNB Chain.
Trust Wallet starts prediction trading for millions of users
Just a day before CZ’s update, Trust Wallet released its Predictions feature, with Web3 prediction market protocol Myriad as the first integration partner. This allows users to place bets on politics, sports, and market trends within the app. The addition transforms Trust Wallet from a simple storage solution into a complete DeFi platform.
The new feature aligns with Trust Wallet's strategy to compete with MetaMask and other large wallets. The Myriad integration on BNB Chain offers users low-cost trading, leveraging the speed and cost-efficiency of the network. Users can trade with BNB or stablecoins like USDC, without bridges or manual cross-chain transfers.
BNB Chain deepens prediction market infrastructure
These launches build on work that was completed in October. BNB Chain integrated with Polymarket, allowing users to participate in high-volume prediction markets on BNB Smart Chain. The collaboration enables users to make predictions about real events without leaving the BNB ecosystem.
Market launches included predictions that BNB would reach a new all-time high of $1,500 by the end of 2025. This move aims to make BNB Chain a leader in real DeFi provisions, going beyond token swaps and yield farming.
Opinion Labs, the prediction market provider of the network supported by YZi Labs, launched its mainnet on October 23. The service was exclusively launched on BNB Chain, offering whitelist access to users and key community members, and introducing a refund and points system to reward early users.
Opinion Labs secured a multi-million dollar investment during Binance Blockchain Week, with partners including ASTER and World Liberty Financial. In Q1 2025, Opinion Labs raised $5 million in seed funding, led by YZi Labs with participation from Animoca Ventures, Amber Group, Manifold, and Echo Community.
This funding is intended to expand the infrastructure of BNB Chain for decentralized prediction systems. Opinion Labs promotes benefits such as uncensored predictions of events, hedge options, and aggregated data-driven insights. Yet, the platform faces challenges such as regulatory complexity and the need for sufficient liquidity for price discovery.
CZ's strategic bet on the future of prediction
From elections and sports to AI milestones and macroeconomic shifts, prediction markets transform dispersed knowledge into actionable signals. Platforms like Polymarket, which saw over $2 billion in volume in October 2024, prove that decentralized markets can even outperform centralized predictors.
CZ and BNB Chain ecosystem players are exploring a special oracle layer, tailored to the growing needs of prediction markets. This comes as prediction markets like Kalshi – $5 billion after recent funding – and Polymarket – valued at $12–$15 billion – have received multi-billion dollar valuations amid increasing institutional interest.
Large wallets are increasingly adding tools that go beyond token transfers, aiming to keep users within a single app. Trust Wallet CEO Eowyn Chen said: “Wallets are becoming the home base for all kinds of trading – not just tokens, but also information, opinions, and expectations.”
As CZ steps to the forefront of the prediction markets, all eyes are on whether he can provide a home for next-generation prediction market platforms competing with Polymarket.
