YZi-Backed Opinion Breaks Prediction Markets Records

YZi Labs, the enterprise capital firm based by Binance co-founder Changpeng “CZ” Zhao, is ramping up its guess on prediction markets as certainly one of its portfolio platforms posted an uncommon spike in buying and selling quantity.

CZ took to X on Wednesday to welcome YZi-backed Predict.enjoyable as a brand new prediction market launching on the BNB Chain.

“Whenever you make a prediction, you funds don’t sit idle, they generate yield,” CZ wrote, including: “This tweet shouldn’t be endorsement.”

CZ’s put up got here a number of weeks after Opinion, one other prediction market backed by YZi, briefly outpaced buying and selling volumes by main market gamers like Kalshi and Polymarket.

What’s Opinion and why is it booming?

Opinion is a decentralized prediction market platform by Opinion Labs, a Hong Kong-based firm based in 2023 by Forrest Liu, according to information from Tracxn.com.

Saying its first O.LAB Prediction Closed Beta Tradathon in 2024, Opinion Labs mentioned it was backed by YZi Labs, which on the time was nonetheless often called Binance Labs.

In March 2025, Opinion Labs secured $5 million in seed funding led by YZi and took part in by different traders corresponding to Echo, Animoca Ventures, Manifold Buying and selling and Amber Group.

The platform launched solely on BNB Chain in October, with CZ subsequently confirming that YZi holds a minority stake within the platform.

“We’re only a minority investor, however we attempt to assist with including strategic worth,” CZ reportedly said in a now-deleted put up on X.

Opinion’s reported quantity breaks data weeks after launch

Opinion was a lesser-known prediction market till just lately, when it surged previous established gamers corresponding to Kalshi and Polymarket in buying and selling exercise.

Simply 4 weeks after launch, Opinion’s weekly quantity jumped to almost $1.5 billion, in contrast with $1.2 billion on Kalshi and about $1 billion on Polymarket, according to information compiled by Dunedata on Dune Analytics.

Recording $1.5 billion in weekly quantity, Opinion took 40% of the $3.7 billion market, breaking all earlier prediction market data, together with Polymarket’s November 2024 peak in the course of the US presidential elections.

In response to some market observers, Opinion’s buying and selling quantity spike is uncommon, given how briskly it broke the data.

“Opinion’s quantity leap is excessive by any regular prediction market normal,” TEN Protocol co-founder Cais Manai informed Cointelegraph.

“Platforms don’t go from modest exercise to chart-topping numbers in a single day with out severe gas behind the scenes. The expansion is simply too quick and too clear to be purely natural,” he stated, including:

“Whenever you zoom in, the sample appears to be like extra like engineered exercise than a sudden mass onboarding […] A whole lot of the amount throughout prediction markets proper now’s inflated. Everybody sees it, even when no one needs to say it outright.”

Prediction markets hit $13 billion file as Binance stays on the sidelines

The information comes amid a increase in prediction markets, which hit a brand new excessive in buying and selling exercise in November regardless of a downturn on broader crypto markets. In response to Dunedata, cumulative buying and selling quantity on prediction markets surpassed $13 billion in November.

On Wednesday, Sports activities merchandiser Fanatics launched Fanatics Markets, its personal prediction market, rolling out entry to prediction markets in 24 US states, together with California, Texas, Florida and Washington.

The pattern has prompted main crypto platforms to enter the sector, with US change Coinbase launching a prediction market site backed by Kalshi in mid-November. In October, MetaMask partnered with Polymarket to allow customers to commerce predictions instantly from its self-custodial pockets.

Associated: Connecticut orders Robinhood, Crypto.com, Kalshi to stop prediction markets

Binance, the world’s largest crypto change by buying and selling quantity, has but to announce plans for prediction markets, at the same time as CZ-owned Trust Wallet yesterday launched Predictions, a brand new part aiming to unify a number of markets, beginning with Myriad and finally together with Kalshi and Polymarket.

Cointelegraph reached out to Binance for touch upon its prediction markets plans, however had not acquired a response by the point of publication.