Key Takeaways
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Binance’s venture arm, Yzi Labs, has invested in several projects building prediction markets on BNB.
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The firm has a strong track record for incubating platforms that copy and expand on an established model.
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For instance, Pancake Swap and Aster frequently support greater trading volumes than the platforms they were inspired by.
A year ago, prediction markets were dominated by Polymarket. But in 2025, new on- and off-chain alternatives have emerged to challenge the platform’s lead.
In the latest instance of the trend, Yzi Labs has thrown its weight behind two projects building Polymarket-style platforms on BNB Chain.
Until recently, Polymarket was the only major platform that let users trade event contracts on-chain. Meanwhile, its closest competitor, Kalshi, cornered the off-chain market.
Earlier this month, however, Kalshi took direct aim at Polymarket’s stronghold, launching tokenized event contracts on Solana.
Now, Yzi Labs wants to bring the concept to BNB chain.
While many blockchains host prediction market platforms, existing Polymarket alternatives are invariably tiny and lack the liquidity to support significant trading volume. But BNB Chain has a track record of successfully replicating models that were pioneered elsewhere, especially when YZi Labs gets involved.
In 2020, a strategic investment from YZi, then known as Binance Labs, helped propel a small, BNB-based Uniswap clone to the top of the decentralized exchange (DEX) food chain.
Today, PancakeSwap’s BNB deployment frequently supports more trade volume than Uniswap’s entire multi-chain DEX offering.
Likewise, with YZi’s backing, Aster now competes with Hyperliquid for the decentralized perp throne.
Earlier this year, YZi Labs spun off from its parent company, and it now acts as a private investment firm for Binance founders Changpeng Zhao and Yi He. But the firm’s commitment to the BNB ecosystem hasn’t wavered.
YZi Labs’ recent investments suggest the investor is looking to replicate its success with PancakeSwap and Aster in prediction markets.
Startups selected to participate in the firm’s latest incubator program include 42.space, Bento.fun, and Predict.fun. All three are developing Polymarket-inspired platforms and adjacent technologies for the BNB ecosystem.
Finally, on Tuesday, Dec. 16, PancakeSwap announced that it has teamed up with YZi Labs to launch Probablle—a decentralized prediction market platform on BNB that will use USDT as its trade currency.
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