Changpeng Zhao has reinforced his commitment to decentralized prediction markets by supporting two platforms that are rapidly reshaping trading activity on BNB Chain.
Key Takeaways
- Yzi Labs, the investment firm founded by Binance co‑founder Changpeng Zhao, is backing two prediction platforms: Opinion and the newly launched Predict.fun.
- Opinion surged to about $1.5 billion in weekly trading volume just four weeks after launch, capturing roughly 40 percent of the overall prediction market volume.
- Predict.fun, built on BNB Chain, offers a novel feature where funds locked in predictions continue to earn yield until bets resolve.
- The move comes amid a broader boom in prediction markets, with cumulative trading volume surpassing $13 billion recently.
What Happened?
Yzi Labs recently threw its weight behind two major prediction platforms. The first is Opinion, a decentralized market launched by a Hong Kong‑based team led by Forrest Liu. The second is Predict.fun, a fresh entrant on BNB Chain developed by a former Binance employee. Changpeng Zhao publicly welcomed Predict.fun on X.
Welcome a new prediction market on @BNBChain.
— CZ 🔶 BNB (@cz_binance) December 3, 2025
When you make a prediction, you funds don’t sit idle, they generate yield.
Disclaimer:
Founder is ex-Binance (a few years ago).
Incubated/invested by YZiLabs.
This tweet is not endorsement. 🙏 https://t.co/E0fxxKc3eE
Opinion’s performance has been striking. Within four weeks of its launch on BNB Chain, the platform recorded nearly $1.5 billion in weekly trading volume outpacing rivals like Polymarket and Kalshi and grabbing about 40 percent of the total market share. Meanwhile, Predict.fun already has over 12,000 users, though its traded volumes remain modest compared with major players.
Background on Opinion and Predict.fun
Opinion was founded in 2023. In 2024 the platform ran a closed beta testing exercise named “O.LAB Prediction Closed Beta Tradathon.” Funding came from Yzi Labs (then still Binance Labs) and other investors such as Echo, Animoca Ventures, Manifold Trading and Amber Group. In March 2025 the startup raised $5 million in seed funding, led by Yzi Labs. The platform launched exclusively on BNB Chain in October 2025. Although Yzi holds only a minority stake, it has offered strategic support.
Predict.fun was publicly introduced by Zhao in late 2025. The platform is also built on BNB Chain and created by a former employee of Binance. Its key differentiator is that user funds committed to bets are not idle: while waiting for event outcomes, the capital continues to generate yield. This addresses one of the criticisms leveled at major prediction markets where liquidity remains locked until resolution.
Market Reaction and Volume Surge
Opinion’s astonishing growth has turned heads across the crypto world. With nearly $1.5 billion in weekly volume, the platform surpassed longtime incumbents like Polymarket (around $1.0 billion) and Kalshi (about $1.2 billion) in the same period. Market analysts estimate Opinion now commands roughly 40 percent of the total $3.7 billion weekly market.
At the same time, the broader sector is scaling new heights. In November 2025 cumulative trading volumes across prediction markets reportedly crossed $13 billion, reflecting renewed interest despite a slump in broader crypto markets. Conventional finance and sports firms like Fanatics have jumped in. Fanatics launched its own prediction marketplace for US users across 24 states. At the same time, major crypto players such as Coinbase and wallet providers such as MetaMask have begun integrating prediction markets directly into their products.
Against this backdrop, Zhao’s backing brings heavyweight credibility. His dual support of Opinion and Predict.fun signals growing mainstream acceptance of prediction markets within the crypto ecosystem.
Risks and Concerns
The meteoric rise of Opinion also comes with warning flags. Experts caution that such dramatic volume growth over a few weeks is highly unusual and may indicate artificially inflated activity rather than organic user adoption. If this is the case the spike might not be sustainable.
For Predict.fun, while its yield‑on‑locked‑funds feature is novel, the platform still trails the trading volumes of established players by a wide margin. Its long‑term viability will likely depend on user retention, liquidity, and whether yield incentives can offset opportunity costs for traders.
Regulatory uncertainty adds another layer of risk. As prediction markets spread beyond purely crypto‐native platforms and attract more retail users, they may draw scrutiny from financial regulators wary of betting and gambling styled products.
CoinLaw’s Takeaway
In my experience watching crypto cycles, big bets by major backers often signal the early stage of a wave. The fact that Yzi Labs is backing two separate platforms suggests the firm sees real long‑term potential in prediction markets. I believe Opinion’s rapid ascent and Predict.fun’s introduction could be the first step toward a much larger shift in how people engage with forecasting and betting in crypto. That said I remain cautious. The volume spike looks explosive, maybe too explosive and sustainability will depend on real user activity, not just inflows. Still I am optimistic because innovations like yield on locked funds could attract a broader class of participants who previously avoided prediction markets due to capital inefficiency.
