CZ Teases New Predict.Fun Platform As Fanatics Joins Prediction Market Gold Rush With Crypto.com

Binance founder Changpeng Zhao, aka CZ, teased the launch of prediction market Predict.fun on BNB Chain just as sports giant Fanatics enters the space through a partnership with Crypto.com.

In a Dec. 3 post on X, CZ welcomed Predict.Fun to the BNB Chain, adding that it was created by a former Binance employee and that his family office, YZi Labs, incubated and invested in the platform. 

CZ said the market will make it possible for users to earn yields with the capital they place on bets, addressing industry calls for funds to be less idle on prediction markets platforms.

Polymarket and Kalshi have recently implemented similar mechanisms, including layered-staking rewards, treasury incentives, and points systems on top of forecasting to keep users engaged. 

Predict.Fun Enters Market Dominated By Polymarket And Kalshi

Predict.fun has launched into an increasingly competitive market that is dominated by Polymarket and Kalshi. 

Currently, Predict.fun lists just two markets with a combined volume of only a little more than $300K. 

Predict.fun open markets (Source: Predict.fun) 

One is related to whether Solana’s price will reach $600 by the end of the year, while the second is on whether a federal judge will order Google to sell off its Chrome Browser before year-end. 

Predict.fun says that there are 12,499 users signed up as of 4:40 a.m. EST. 

Meanwhile, Polymarket and Kalshi have seen record volumes in recent months totaling several billions of dollars. 

Kalshi has a slight edge over Polymarket when it comes to volumes given its access to the US market, but this dominance could soon be challenged as Polymarket begins to re-enter the US. 

While Kalshi and Polymarket have dominant market standings, Predict.fun will have the support of the BNB Chain and its community. 

On-chain data shows that BNB Chain’s activity has surged this year, with the number of active addresses on the blockchain nearly doubling in the last year. According to Token Terminal, BNB Chain now has a 25% share of the market. 

Fanatics Partners With Crypto.com For Its Own Prediction Market

Adding to the competitive landscape, sport clothing and collectibles giant Fanatics has announced the launch of Fanatics Markets in partnership with crypto exchange Crypto.com. 

The expansion into prediction markets comes after Fanatics acquired Paragon Global Markets in July, giving the company regulatory clearance through the Commodity Futures Trading Commission (CFTC) and membership in the National Futures Association. 

The sports merchandiser said that it will launch the new platform across 24 US states in phases over the coming days. Its app is already live in ten states, and will be rolled out to major markets including California, Texas, Florida and Washington soon, it said.

Fanatics Market will also be expanded into crypto prices, IPOs, tech developments, movie outcomes and more by early 2026, it added. 

Prediction Markets Under Legal Scrutiny

As the number of new providers grows in the prediction markets space, there are still concerns around regulatory threats against them. 

The US state of Connecticut issued cease-and-desist notices to Robinhood, Crypto.com, and Kalshi on Dec. 3 for conducting “unlicensed online gambling” via their prediction markets offerings.

Kalshi is also embroiled in regulatory battles in several other US states.