Changpeng Zhao steps into the center of the prediction market

Changpeng Zhao (CZ), founder of Binance, is rapidly expanding his influence in the prediction market sector. He introduced a new prediction market platform on BNB Chain, while his Trust Wallet also added prediction trading features for 220 million users. This move follows integrations with Polymarket and the launch of the Opinion mainnet, aiming to make BNB Chain a decentralized prediction hub after reaching a record $7.4 billion in volume in October.

On December 4, CZ posted about the new platform, highlighting its yield generation feature for funds while waiting for results. The project is backed by YZiLabs, which manages over $10 billion and has invested in more than 300 projects. Although CZ issued a disclaimer, his image still appears on the project’s homepage. In October, YZiLabs launched a $1 billion fund for the BNB ecosystem, supporting over 65 projects.