BNB Chain is catching up with the prediction markets trend. Binance’s founder and former CEO Changpeng “CZ” Zhao recently mentioned a new prediction market launching on BNB Chain.
Probable emerged as one of the notable prediction markets using BNB Chain. The new launch was mentioned by Changpeng “CZ” Zhao, greatly increasing the platform’s exposure.
Probable joins the race, just as many new platforms are launching to compete with Polymarket and Kalshi. The new platform will join the battle between the leaders, as well as Opinion Labs, an older prediction market launched on BNB Chain.
Despite the high publicity, Probable has not yet launched its main product. The platform arrives relatively late to the party, where there are already multiple launches and growing competition between established brands. Probable launches as the prediction markets achieved near-peak activity and trading volumes.
Over the past months, all three of the leading platforms held the top position briefly. The growing competition happens as predictions have turned into the top narrative for 2025. Prediction markets attracted traders with the potential for more fair resolutions, and even alternatives to trading.
Probable targets Web3 traders
Probable launches as crypto traders are seeking out the newest liquidity hubs. After abandoning meme tokens and the riskier perpetual futures DEXs, traders have focused on prediction pairs.
Probable aims to become a user-first platform, with a large section of predictions based on crypto-native risks and Web3 activity. Probable was incubated by PancakeSwap and Yzi Labs, with special knowledge of Web3 structure and liquidity.
The platform will launch with zero-fee predictions, with no additional platform fees. Just like Polymarket, Probable will use the UMA oracle for its resolutions.
The new platform will allow for multi-token predictions, allowing deposits in all types of assets. The prediction pairs themselves will use USDT, the most widely circulated stablecoin.
There will be no need to bridge or swap the tokens before using the prediction market, saving some of the extra steps for other platforms. Currently, Polymarket still relies on Polygon, requiring the bridged form of USDC for making predictions.
Older prediction markets lag behind the 2025 trend
Prediction markets and prediction tokens are not a new idea in the crypto space. In the past decade, multiple projects launched with the goal of carrying some forms of predictions.
Most of the projects failed due to unfavorable clashes with regulators, as the projects were classified as forms of gambling. Only after Kalshi and Polymarket gained acceptance did a new wave of projects emerge.
Currently, the tokens of legacy prediction projects are still underperforming, with a total valuation of just $2.9B. Instead of reviving old platforms, new launches aim to gain attention from the latest cohorts of predictors.
The improved infrastructure and trading tools are also in favor of the new projects. Wallet integrations and stablecoin usage are boosting on-chain predictions.
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Source: https://www.cryptopolitan.com/zhao-announces-prediction-markets-bnb-chain/
