During Binance Blockchain Week 2025 in Dubai, Changpeng Zhao (CZ), the founder of Binance, introduced an innovative platform called Predict.Fun, built on the BNB Chain. This announcement coincided with CZ’s much-anticipated debate with renowned economist Peter Schiff, sparking significant interest in the cryptocurrency and prediction market communities.
What is Predict.Fun?
Predict.Fun is a groundbreaking on-chain prediction market that offers a unique feature: instead of leaving prediction funds idle, they generate yield through a DeFi-native architecture. This capital-efficient design allows users to earn returns on their committed funds, ensuring a productive use of capital and potentially revolutionizing how prediction markets operate.
The platform has been developed by a team led by a former Binance employee and incubated by YZiLabs, a group known for its focus on supporting projects that leverage the BNB Chain infrastructure. YZiLabs congratulated Predict.Fun for being part of the EASY Residency S2 cohort, highlighting its commitment to nurturing projects within the decentralized finance ecosystem.
CZ’s Perspective on the Platform
While sharing Predict.Fun on X (formerly Twitter), CZ clarified that the post was not an endorsement but expressed his support for innovation within the blockchain space. He also added a disclaimer, citing the founder’s connection with Binance in the past.
“Welcome a new prediction market on @BNBChain. When you make a prediction, your 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.”
The Bigger Picture: Blockchain Innovation
The introduction of Predict.Fun highlights the growing momentum of blockchain-based prediction markets and decentralized finance (DeFi). By providing a mechanism that combines capital efficiency with user engagement, such platforms are poised to reshape how financial markets operate in the digital realm.
Looking at the broader cryptocurrency landscape, discussions during Binance Blockchain Week 2025 also included the rivalry between Bitcoin and gold as financial assets. This heated debate, initiated months prior between CZ and Peter Schiff on social media, culminated in a formal confrontation in Dubai. The debate centered on key financial principles: medium of exchange, unit of account, and store of value.
Bitcoin vs Gold: The Great Debate
Peter Schiff utilized the event to promote his new product, Tgold, a tokenized gold platform enabling seamless purchase and transfer of physical gold through blockchain technology. Schiff argued that tokenized gold combines the best of both traditional and digital worlds, claiming it delivers on promises Bitcoin cannot fulfill.
CZ countered these claims by emphasizing Bitcoin’s advantages, such as portability, divisibility, and verifiability, while criticizing Tgold’s reliance on institutional trust. He underscored the vulnerabilities of tokenized gold, which depends on third parties to maintain security and deliver promised assets.
The debate showcased the ongoing clash between traditional assets like gold and digital alternatives like Bitcoin, shaping the future of finance and technology as we know it.
How to Get Involved
If you’re intrigued by innovations like Predict.Fun, exploring DeFi platforms is a great way to learn more about the opportunities within the blockchain ecosystem. Consider using tools such as Ledger devices to securely store your crypto assets. The Ledger Stax offers top-notch security and can help you safely manage your investments while engaging in decentralized finance activities.
Stay tuned for more updates from Binance Blockchain Week and the evolving blockchain ecosystem.
