Backpack enters the forecasting market with its "Unified Forecasting Portfolio".

PANews reported on January 14th that Armani Ferrante, founder of Backpack, announced on the X platform the launch of the trading platform's first product in the prediction market field: Unified Prediction Portfolio, which has already begun invitation-only private testing. This product uses cross-margin and cross-collateral mechanisms to unify the allocation of user funds across multiple products including spot trading, spot leverage, lending, perpetual contracts, prediction markets, cryptocurrencies, and fiat currencies.

Ferrante stated that the system is not a simple wrapper around existing prediction market platforms, but rather a native integrated system from Backpack, where all assets are tokenized and subject to unified risk assessment. Users can complete quotes, trades, and hedge risks promptly through perpetual contracts within the same margin account. The product supports full-chain network connectivity, fiat currency channels, and various advanced order types. The platform plans to gradually expand its testing scope, increase the number of markets, and develop new mechanisms, with the ultimate goal of leveraging its global compliance footprint to expand its services from the current 48% global coverage to a global scale.